Varonis Systems (NASDAQ:VRNS) Price Target Raised to $55.00

Varonis Systems (NASDAQ:VRNS) had its price objective upped by B. Riley Financial from $45.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. B. Riley Financial currently has a buy rating on the technology company’s stock.

Several other research analysts have also issued reports on VRNS. Barclays increased their target price on shares of Varonis Systems from $33.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Wedbush reiterated an “outperform” rating and set a $37.00 price objective on shares of Varonis Systems in a report on Wednesday, June 24th. Wells Fargo & Company upped their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, July 20th. KeyCorp assumed coverage on shares of Varonis Systems in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. Finally, Rosenblatt Securities started coverage on Varonis Systems in a research note on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.42.

Varonis Systems Price Performance

Shares of VRNS opened at $45.74 on Friday. Varonis Systems has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The business’s 50 day moving average price is $37.99 and its two-hundred day moving average price is $30.40. The firm has a market cap of $5.25 billion, a PE ratio of -40.12 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.Varonis Systems’s revenue 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. On average, equities analysts anticipate that Varonis Systems will post -1.05 EPS for the current year.

Institutional Trading of Varonis Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in Varonis Systems by 161.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after buying an additional 839 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Varonis Systems by 47.8% during the fourth 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. Empowered Funds LLC bought a new stake in shares of Varonis Systems during the fourth quarter worth about $37,000. Fifth Third Bancorp increased its position in shares of Varonis Systems by 10,694.1% during the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,818 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after acquiring an additional 463 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.