Brokerages Set Varonis Systems, Inc. (NASDAQ:VRNS) Price Target at $59.79

Varonis Systems, Inc. (NASDAQ:VRNS) has been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $59.7895.

A number of research firms have recently commented on VRNS. Barclays increased their target price on shares of Varonis Systems from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Needham & Company LLC dropped their price objective on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Piper Sandler cut their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. DA Davidson decreased their target price on shares of Varonis Systems from $55.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, B. Riley initiated coverage on Varonis Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $80.00 price target for the company.

Varonis Systems Stock Up 0.5%

Shares of VRNS opened at $33.42 on Wednesday. Varonis Systems has a one year low of $30.02 and a one year high of $63.90. The company has a market cap of $3.94 billion, a P/E ratio of -32.76 and a beta of 0.64. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $40.00 and a two-hundred day simple moving average of $49.62.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The company had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Research analysts forecast that Varonis Systems will post -0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

Several large investors have recently bought and sold shares of VRNS. Norges Bank bought a new position in shares of Varonis Systems during the second quarter valued at $65,161,000. Voya Investment Management LLC increased its holdings in Varonis Systems by 98.6% in the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after purchasing an additional 1,152,687 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Varonis Systems by 166.7% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after purchasing an additional 850,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Varonis Systems by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock worth $165,231,000 after purchasing an additional 848,408 shares during the last quarter. Finally, RGM Capital LLC lifted its holdings in Varonis Systems by 45.5% during the 1st quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock worth $109,479,000 after buying an additional 846,475 shares during the period. 95.65% of the stock is currently owned by institutional investors.

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.