66,475 Shares in Varonis Systems, Inc. $VRNS Purchased by Odyssean LLC

Odyssean LLC purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 66,475 shares of the technology company’s stock, valued at approximately $2,789,000. Odyssean LLC owned about 0.06% of Varonis Systems at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Varonis Systems during the 1st quarter worth about $233,000. Caxton Associates LLP acquired a new stake in shares of Varonis Systems in the first quarter worth approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Varonis Systems by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after purchasing an additional 64,636 shares during the period. Russell Investments Group Ltd. grew its holdings in Varonis Systems by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock valued at $1,158,000 after purchasing an additional 628 shares during the period. Finally, Invesco Ltd. increased its position in Varonis Systems by 8.6% during the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after purchasing an additional 7,618 shares during the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on VRNS. Susquehanna increased 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, July 29th. New Street Research restated a “buy” rating on shares of Varonis Systems in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. DA Davidson increased their target price on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $37.00 target price on shares of Varonis Systems in a report on Wednesday, June 24th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.05.

Varonis Systems Stock Down 0.6%

Shares of NASDAQ VRNS opened at $40.82 on Wednesday. The stock has a fifty day moving average price of $42.43 and a 200 day moving average price of $31.90. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. Varonis Systems, Inc. has a 12-month low of $19.70 and a 12-month high of $63.90. The company has a market cap of $4.69 billion, a P/E ratio of -33.19 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The company had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. 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. Research analysts anticipate that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Varonis Systems Company Profile

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.