Varonis Systems (NASDAQ:VRNS – Get Free Report)‘s stock had its “equal weight” rating reissued by analysts at Barclays in a research note issued on Monday, Marketbeat reports. They currently have a $50.00 price target on the technology company’s stock. Barclays‘s price target points to a potential upside of 2.57% from the company’s current price.
Several other brokerages have also recently weighed in on VRNS. Needham & Company LLC cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup raised their price target on shares of Varonis Systems from $45.00 to $49.75 and gave the company a “neutral” rating in a research report on Friday. Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. UBS Group raised their price target on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group cut shares of Varonis Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $60.00 to $49.75 in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Varonis Systems has a consensus rating of “Hold” and a consensus price target of $50.94.
Check Out Our Latest Stock Analysis on VRNS
Varonis Systems Stock Up 0.1%
Shares of VRNS traded up $0.03 during trading hours on Monday, hitting $48.75. The stock had a trading volume of 2,362,238 shares, compared to its average volume of 2,582,367. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.80. The firm has a market capitalization of $5.60 billion, a P/E ratio of -39.61 and a beta of 0.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $45.81 and a 200-day simple moving average of $38.08.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. Sell-side analysts predict that Varonis Systems will post -0.95 EPS for the current fiscal year.
Hedge Funds Weigh In On Varonis Systems
Hedge funds have recently modified their holdings of the company. American Capital Management Inc. bought a new position in shares of Varonis Systems during the 2nd quarter worth approximately $94,062,000. Pictet Asset Management Holding SA raised its holdings in shares of Varonis Systems by 43.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after purchasing an additional 944,676 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Varonis Systems in the 2nd quarter worth approximately $61,262,000. Stephens Investment Management Group LLC raised its holdings in shares of Varonis Systems by 17.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,992,760 shares of the technology company’s stock worth $42,785,000 after purchasing an additional 302,411 shares during the period. Finally, Senvest Management LLC raised its holdings in shares of Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after purchasing an additional 1,162,651 shares during the period. Institutional investors own 95.65% of the company’s stock.
Trending Headlines about Varonis Systems
Here are the key news stories impacting Varonis Systems this week:
- Positive Sentiment: The proposed Proofpoint acquisition provides valuation support and creates a potential path for shareholders to realize value at the deal price. Analysts have described the stock as reasonably valued, with one estimate suggesting it may still be about 4% undervalued. Varonis Stock May Be Reasonable on Its Buyout Deal Varonis Systems Could Be 4% Undervalued
- Positive Sentiment: Wedbush raised its price target, and a Citigroup analyst indicated that VRNS shares could rise, offering some offset to the broader analyst caution. Wedbush also said the deal could signal additional cybersecurity merger-and-acquisition activity. Wedbush Price Target Boost Citigroup Analyst View
- Neutral Sentiment: Trading volume was unusually high following analyst activity, indicating elevated investor attention as the market evaluates the Proofpoint transaction. Unusually High Trading Volume
- Negative Sentiment: Analysts are broadly removing bullish ratings after the buyout announcement. Barclays, Truist, Rosenblatt, Wells Fargo, TD Cowen, Jefferies, Needham, RBC Capital, B. Riley, DA Davidson and Piper Sandler either downgraded VRNS or reaffirmed neutral/hold ratings. The changes suggest limited upside beyond the transaction value and may pressure the shares. Truist Downgrade Barclays Downgrade RBC Capital Downgrade
Varonis Systems Company Profile
Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.
The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.
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