Varonis Systems (NASDAQ:VRNS) Price Target Raised to $49.75

Varonis Systems (NASDAQ:VRNS) had its target price upped by Citigroup from $45.00 to $49.75 in a research report released on Friday,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Varonis Systems from a “buy” rating to a “hold” rating and dropped their target price for the company from $60.00 to $49.75 in a report on Friday. Truist Financial upped their price target on shares of Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Wells Fargo & Company lowered shares of Varonis Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $49.75 in a research report on Friday. Finally, Robert W. Baird raised their price objective on shares of Varonis Systems from $45.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Varonis Systems presently has an average rating of “Hold” and a consensus price target of $50.94.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $48.72 on Friday. The stock has a fifty day moving average price of $45.81 and a 200 day moving average price of $38.08. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market cap of $5.60 billion, a PE ratio of -39.61 and a beta of 0.77. Varonis Systems has a 1 year low of $19.70 and a 1 year high of $63.80.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. 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 forecast that Varonis Systems will post -0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Varonis Systems by 161.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after acquiring an additional 839 shares during the period. Fifth Third Bancorp raised its holdings in Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,818 shares during the last quarter. Essential Partners LLC lifted its stake in shares of Varonis Systems by 72.5% during the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after purchasing an additional 863 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Varonis Systems during the 2nd quarter worth $55,000. Finally, Parallel Advisors LLC lifted its stake in shares of Varonis Systems by 1,025.4% during the 1st quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company’s stock worth $71,000 after purchasing an additional 3,025 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems News Roundup

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

• Positive Sentiment: The proposed acquisition removes much of the company-specific uncertainty and offers shareholders a cash consideration above Varonis’s pre-deal trading level. RBC said the combination makes strategic sense as competition in cybersecurity intensifies. RBC on Varonis Acquisition
• Neutral Sentiment: Analyst actions largely reflect the announced transaction. Citigroup, Robert W. Baird and Wedbush raised their targets to approximately $49.75-$50, while Piper Sandler, TD Cowen, Jefferies, Wells Fargo, DA Davidson and Rosenblatt reaffirmed neutral, hold or equal-weight ratings with targets near $49.75. These targets imply limited additional upside because they are close to the offer price.
• Neutral Sentiment: Unusually heavy options activity included purchases of 7,193 call contracts, about 186% above average call volume, suggesting elevated speculative interest following the deal announcement. However, options activity does not guarantee further gains.
• Negative Sentiment: RBC downgraded Varonis to Sector Perform and lowered its target to $49.75 from $52, citing the Proofpoint transaction. With the stock near the cash offer, the remaining upside is limited and depends primarily on deal completion rather than operating performance.
• Negative Sentiment: Several shareholder-rights law firms announced investigations into whether the $49.75 offer fairly values Varonis and whether the board adequately protected investors. Such reviews could create transaction uncertainty, although they do not necessarily indicate that the deal will fail. Ademi Varonis Shareholder Alert

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.