Stephens Upgrades Varonis Systems (NASDAQ:VRNS) to “Overweight”

Varonis Systems (NASDAQ:VRNS) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report released on Wednesday,Benzinga reports. The firm presently has a $45.00 price objective on the technology company’s stock, up from their prior price objective of $33.00. Stephens’ target price indicates a potential upside of 28.46% from the company’s previous close.

A number of other research firms also recently issued reports on VRNS. Royal Bank Of Canada lifted their price target on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their target price on Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Barclays increased their price target on Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Citigroup lifted their price objective on shares of Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, UBS Group upped their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus target price of $42.15.

Varonis Systems Price Performance

Shares of VRNS opened at $35.03 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The business’s fifty day moving average is $29.47 and its 200 day moving average is $28.56. Varonis Systems has a 12-month low of $19.70 and a 12-month high of $63.90. The stock has a market cap of $4.02 billion, a P/E ratio of -30.73 and a beta of 0.89.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $173.13 million for the quarter, compared to analyst estimates of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. Varonis Systems’s revenue for the quarter was up 26.9% compared to the same quarter last year. 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. Sell-side analysts anticipate that Varonis Systems will post -1.04 earnings per share for the current fiscal year.

Institutional Trading of Varonis Systems

Hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of Varonis Systems in the 4th quarter worth approximately $48,263,000. First Trust Advisors LP increased its position in Varonis Systems by 40.6% in the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after buying an additional 1,279,002 shares during the last quarter. Senvest Management LLC raised its stake in shares of Varonis Systems by 406.1% in the first quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock valued at $31,109,000 after buying an additional 1,162,651 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of 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 buying an additional 1,084,267 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Varonis Systems by 218.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after buying an additional 966,817 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

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.