Varonis Systems (NASDAQ:VRNS) Stock Jumps 5.4% on Analyst Upgrade

Varonis Systems, Inc. (NASDAQ:VRNS) was up 5.4% during mid-day trading on Tuesday after TD Cowen raised their price target on the stock from $53.00 to $56.00. TD Cowen currently has a buy rating on the stock. Varonis Systems traded as high as $48.78 and last traded at $48.8790. Approximately 656,692 shares were traded during trading, a decline of 73% from the average daily volume of 2,413,167 shares. The stock had previously closed at $46.37.

VRNS has been the subject of a number of other research reports. Wedbush reaffirmed a “neutral” rating and set a $46.00 price objective on shares of Varonis Systems in a research report on Friday, September 11th. Rosenblatt Securities restated a “buy” rating and issued a $55.00 target price on shares of Varonis Systems in a research note on Wednesday, July 29th. Robert W. Baird upped their target price on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. UBS Group increased their price target on Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Truist Financial raised their price target on Varonis Systems from $34.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus price target of $49.95.

Institutional Trading of Varonis Systems

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after acquiring an additional 839 shares during the period. Fifth Third Bancorp raised its stake 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 valued at $39,000 after purchasing an additional 1,818 shares in the last quarter. Essential Partners LLC lifted its holdings in Varonis Systems by 72.5% in the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after purchasing an additional 863 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Varonis Systems in the second quarter worth about $55,000. Finally, Parallel Advisors LLC lifted its holdings in Varonis Systems by 1,025.4% in the first quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company’s stock worth $71,000 after purchasing an additional 3,025 shares during the period. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Up 5.3%

The stock has a market cap of $5.61 billion, a P/E ratio of -39.71 and a beta of 0.77. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average is $45.43 and its 200-day moving average is $37.33.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. Varonis Systems’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. 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. As a group, research analysts anticipate that Varonis Systems, Inc. will post -0.96 earnings per share for the current fiscal year.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.