Piper Sandler Issues Positive Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price

Varonis Systems (NASDAQ:VRNS) had its price target upped by Piper Sandler from $47.00 to $58.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price objective indicates a potential upside of 40.36% from the stock’s previous close.

Other research analysts also recently issued reports about the company. KeyCorp assumed coverage on Varonis Systems in a report on Tuesday, May 26th. They set a “sector weight” rating for the company. DA Davidson boosted their target price on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Wednesday. Susquehanna raised their price target on shares of Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Citigroup reiterated an “overweight” rating on shares of Varonis Systems in a report on Friday, July 24th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.26.

Varonis Systems Stock Down 7.5%

Shares of VRNS stock traded down $3.35 during trading hours on Wednesday, hitting $41.32. 2,307,636 shares of the company were exchanged, compared to its average volume of 2,685,098. Varonis Systems has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average of $38.64 and a two-hundred day moving average of $30.56. The company has a market capitalization of $4.74 billion, a PE ratio of -36.04 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. 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. Analysts anticipate that Varonis Systems will post -1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

Large investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. bought a new position in shares of Varonis Systems in the fourth quarter valued at $48,263,000. First Trust Advisors LP raised its position in Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares in the last quarter. Senvest Management LLC raised its position in Varonis Systems by 406.1% during the first quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after acquiring an additional 1,162,651 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Varonis Systems by 99.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock valued at $71,480,000 after acquiring an additional 1,084,267 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Varonis Systems by 218.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after acquiring an additional 966,817 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

More Varonis Systems News

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

• Positive Sentiment: Strong Q2 results: Varonis reported adjusted EPS of $0.04, exceeding the $0.01 consensus estimate, while revenue rose 18.3% year over year to $180.0 million, above expectations of $176.8 million. Varonis Announces Second Quarter 2026 Financial Results
• Positive Sentiment: SaaS momentum remained healthy: Total SaaS annual recurring revenue reached $726.0 million, up 52% year over year, while SaaS ARR excluding conversions increased 25%. Management also cited growth in new customer accounts and momentum in Atlas, Interceptor and Database Activity Monitoring. Q2 Financial Results
• Positive Sentiment: Guidance was raised well above analyst expectations: Varonis forecast third-quarter EPS of $0.02-$0.03 versus consensus for a $0.04 loss, and full-year EPS of $0.14-$0.15 versus a projected $0.11 loss. Full-year revenue guidance of $735 million-$739 million was also slightly above consensus. Analysts subsequently maintained or raised targets, including TD Cowen at $53, JPMorgan at $55, Needham at $50 and Rosenblatt at $55. Analyst Ratings and Price Targets
• Neutral Sentiment: Barclays lowered its price target from $52 to $50 but retained an “overweight” rating, while Baird raised its target from $40 to $45 and kept a “neutral” rating. These actions indicate continued confidence in the business, but also more measured expectations after the earnings release. Analyst Ratings
• Negative Sentiment: The market reaction has been unfavorable despite the headline beat. Varonis remains unprofitable, with a reported negative net margin of 19.75% and negative return on equity of 20.27%. Investors may also have expected an even stronger earnings outlook given the stock’s prior rally. Q2 Results and Stock Reaction

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.