Varonis Systems, Inc. $VRNS Position Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 17.7% in the third quarter, Holdings Channel reports. The firm owned 516,670 shares of the technology company’s stock after selling 110,743 shares during the quarter. Victory Capital Management Inc.’s holdings in Varonis Systems were worth $29,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRNS. Vanguard Group Inc. increased its holdings in shares of Varonis Systems by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,595,348 shares of the technology company’s stock valued at $723,855,000 after acquiring an additional 436,462 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Varonis Systems by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 2,917,391 shares of the technology company’s stock worth $148,058,000 after acquiring an additional 152,477 shares during the period. Geode Capital Management LLC raised its holdings in shares of Varonis Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock valued at $135,537,000 after buying an additional 7,342 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Varonis Systems by 69.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,646,351 shares of the technology company’s stock valued at $95,192,000 after acquiring an additional 674,807 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Varonis Systems by 166.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock valued at $78,159,000 after purchasing an additional 850,000 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VRNS has been the topic of several recent analyst reports. B. Riley Financial dropped their target price on Varonis Systems from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $41.00 price objective (down from $44.00) on shares of Varonis Systems in a research note on Monday, January 26th. Cantor Fitzgerald reduced their target price on Varonis Systems from $50.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Stephens began coverage on shares of Varonis Systems in a research report on Tuesday, December 30th. They set an “equal weight” rating and a $40.00 price objective on the stock. Finally, Wedbush lowered their target price on Varonis Systems from $53.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.15.

More Varonis Systems News

Here are the key news stories impacting Varonis Systems this week:

• Neutral Sentiment: Varonis presented at the Morgan Stanley TMT conference (transcript available), providing management remarks investors can parse for revenue / SaaS transition color. Read More.
• Neutral Sentiment: Wells Fargo initiated coverage on VRNS (new analyst attention can bring renewed interest or liquidity). Read More.
• Neutral Sentiment: Analyst pieces and valuation pieces are revisiting Varonis after its reported SaaS execution issues; these stories frame both the downside risks and potential valuation opportunity. Read More.
• Negative Sentiment: Multiple law firms have filed or are soliciting lead?plaintiff participation in a securities class action alleging Varonis concealed renewal softness in its Federal and on?premises businesses and mischaracterized the SaaS transition; the formal lead?plaintiff deadline (March 9, 2026) tightens the timeline for litigation developments. Read More.
• Negative Sentiment: Numerous other plaintiff firms (Bronstein, Berger Montague, Schall, Pomerantz, Robbins Geller, Rosen, DJS, Bernstein Liebhard, etc.) have issued reminders and filings covering the same Class Period (Feb 4, 2025–Oct 28, 2025), amplifying the legal overhang and potential settlement/defense costs. Read More.

Insider Buying and Selling

In other news, EVP David Bass bought 2,980 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average cost of $23.47 per share, with a total value of $69,940.60. Following the completion of the transaction, the executive vice president directly owned 1,042,924 shares in the company, valued at $24,477,426.28. This represents a 0.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Gavin, Jr. acquired 5,000 shares of Varonis Systems stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $22.54 per share, with a total value of $112,700.00. Following the transaction, the director directly owned 273,666 shares in the company, valued at approximately $6,168,431.64. This trade represents a 1.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 25,780 shares of company stock valued at $579,403 over the last three months. 2.30% of the stock is owned by corporate insiders.

Varonis Systems Trading Up 2.3%

Shares of NASDAQ:VRNS opened at $24.39 on Monday. The company has a market cap of $2.86 billion, a P/E ratio of -21.39 and a beta of 0.62. The stock’s 50-day moving average is $29.00 and its 200-day moving average is $40.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 1.97. Varonis Systems, Inc. has a 52-week low of $20.06 and a 52-week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.The company had revenue of $173.37 million during the quarter, compared to analyst estimates of $168.66 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. Equities research analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

About Varonis Systems

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.