Varonis Systems (NASDAQ:VRNS) Now Covered by Analysts at Rosenblatt Securities

Equities researchers at Rosenblatt Securities initiated coverage on shares of Varonis Systems (NASDAQ:VRNS) in a research report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $40.00 price target on the technology company’s stock. Rosenblatt Securities’ target price indicates a potential upside of 42.86% from the stock’s current price.

A number of other analysts have also recently commented on VRNS. Barclays boosted their price objective on Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Needham & Company LLC boosted their price objective on Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wedbush boosted their price objective on Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, William Blair reaffirmed a “market perform” rating on shares of Varonis Systems in a research note on Monday, March 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.35.

Varonis Systems Stock Down 1.9%

Varonis Systems stock opened at $28.00 on Tuesday. The stock has a market capitalization of $3.21 billion, a PE ratio of -24.56 and a beta of 0.80. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90. The business has a 50 day simple moving average of $23.93 and a 200-day simple moving average of $29.89. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $173.13 million during 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 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. On average, analysts anticipate that Varonis Systems will post -1.05 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

A number of institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after buying an additional 463 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Varonis Systems during the third quarter worth $42,000. First Horizon Corp acquired a new position in Varonis Systems during the third quarter worth $45,000. Westside Investment Management Inc. boosted its stake in Varonis Systems by 100.0% during the third quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock worth $49,000 after buying an additional 422 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Varonis Systems by 47.8% during the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after buying an additional 322 shares during the last quarter. 95.65% of the stock is 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.