Varonis Systems, Inc. (NASDAQ:VRNS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Varonis Systems, Inc. (NASDAQ:VRNS) has been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $49.0526.

A number of equities analysts have recently weighed in on VRNS shares. DA Davidson increased their price target on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $33.00 to $45.00 in a report on Wednesday, June 24th. Piper Sandler upped their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wells Fargo & Company increased their target price on shares of Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th.

Varonis Systems Trading Up 0.2%

VRNS opened at $43.40 on Thursday. Varonis Systems has a one year low of $19.70 and a one year high of $63.90. The stock has a market capitalization of $4.98 billion, a PE ratio of -35.28 and a beta of 0.83. The business’s 50 day moving average price is $39.91 and its 200 day moving average price is $30.84. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65.

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

Hedge Funds Weigh In On Varonis Systems

A number of hedge funds have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. purchased a new position in shares of Varonis Systems in the fourth quarter valued at approximately $48,263,000. First Trust Advisors LP increased its stake in Varonis Systems by 40.6% during the 4th 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 period. Senvest Management LLC increased its stake in Varonis Systems by 406.1% during the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after buying an additional 1,162,651 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Varonis Systems by 99.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after buying an additional 1,084,267 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in 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 worth $30,262,000 after buying an additional 966,817 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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.