Varonis Systems (NASDAQ:VRNS) Stock Rating Lowered by Wolfe Research

Varonis Systems (NASDAQ:VRNS) was downgraded by equities researchers at Wolfe Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

Several other analysts also recently commented on VRNS. Citigroup raised their price objective on shares of Varonis Systems from $45.00 to $49.75 and gave the company a “neutral” rating in a research note on Friday, October 16th. UBS Group lifted their target price on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of Varonis Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. Truist Financial downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.89.

Varonis Systems Price Performance

Varonis Systems stock opened at $48.69 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The business’s fifty day simple moving average is $46.20 and its two-hundred day simple moving average is $38.65. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.80.

Varonis Systems (NASDAQ:VRNS) last released its 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 firm had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts expect that Varonis Systems will post -0.95 earnings per share for the current year.

Institutional Investors Weigh In On Varonis Systems

Several institutional investors have recently modified their holdings of the business. Pictet Asset Management Holding SA raised its position in Varonis Systems by 43.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after buying an additional 944,676 shares during the last quarter. American Capital Management Inc. lifted its stake in Varonis Systems by 54.3% during the 1st quarter. American Capital Management Inc. now owns 2,328,379 shares of the technology company’s stock valued at $49,990,000 after acquiring an additional 819,340 shares during the period. Stephens Investment Management Group LLC boosted its holdings in shares of Varonis Systems by 17.9% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,992,760 shares of the technology company’s stock valued at $42,785,000 after acquiring an additional 302,411 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Varonis Systems during the 2nd quarter valued at about $61,262,000. Finally, Senvest Management LLC boosted its holdings in shares of Varonis Systems by 406.1% during the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock valued at $31,109,000 after acquiring an additional 1,162,651 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

About Varonis Systems

Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.

The company’s products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.