Varonis Systems, Inc. (NASDAQ:VRNS) Short Interest Update

Varonis Systems, Inc. (NASDAQ:VRNS) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 8,292,783 shares, an increase of 21.4% from the March 31st total of 6,830,329 shares. Based on an average daily trading volume, of 2,289,639 shares, the days-to-cover ratio is presently 3.6 days. Currently, 7.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VRNS shares. Wells Fargo & Company increased their target price on shares of Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday. Piper Sandler upgraded shares of Varonis Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $47.00 in a research report on Monday, January 5th. Citigroup increased their price target on shares of Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday. Cantor Fitzgerald dropped their price target on shares of Varonis Systems from $50.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Needham & Company LLC increased their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday. Fifteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.42.

Varonis Systems Stock Performance

Shares of VRNS opened at $26.50 on Friday. The company’s fifty day moving average is $23.37 and its 200-day moving average is $31.48. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -23.25 and a beta of 0.68. The company has a quick ratio of 1.97, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company had revenue of $173.13 million for the quarter, compared to analyst estimates of $165.52 million. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Equities analysts expect that Varonis Systems will post -1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David Bass bought 2,980 shares of the business’s stock in a transaction on Monday, February 9th. The stock was bought at an average price of $23.47 per share, for a total transaction of $69,940.60. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Avrohom J. Kess bought 17,800 shares of the business’s stock in a transaction on Friday, February 6th. The stock was bought at an average price of $22.29 per share, with a total value of $396,762.00. Following the transaction, the director owned 49,403 shares in the company, valued at approximately $1,101,192.87. This represents a 56.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 25,780 shares of company stock worth $579,403 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Inc. AR grew its stake in Varonis Systems by 1.9% in the 3rd quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock valued at $523,000 after buying an additional 171 shares during the last quarter. Arizona State Retirement System grew its stake in Varonis Systems by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock valued at $1,903,000 after buying an additional 287 shares during the last quarter. Signaturefd LLC grew its stake in Varonis Systems by 47.8% in the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after buying an additional 322 shares during the last quarter. Savant Capital LLC grew its stake in Varonis Systems by 1.7% in the 3rd quarter. Savant Capital LLC now owns 20,016 shares of the technology company’s stock valued at $1,150,000 after buying an additional 339 shares during the last quarter. Finally, CI Investments Inc. grew its stake in Varonis Systems by 48.5% in the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after buying an additional 343 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.