B. Riley Financial Cuts Varonis Systems (NASDAQ:VRNS) Price Target to $45.00

Varonis Systems (NASDAQ:VRNS) had its target price lowered by B. Riley Financial from $58.00 to $45.00 in a report published on Wednesday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the technology company’s stock.

A number of other brokerages also recently issued reports on VRNS. Needham & Company LLC cut their target price on Varonis Systems from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Citigroup decreased their target price on shares of Varonis Systems from $58.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Varonis Systems in a report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a research note on Wednesday, January 21st. Seventeen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.24.

Varonis Systems Stock Performance

Shares of VRNS opened at $22.65 on Wednesday. The stock has a market capitalization of $2.66 billion, a P/E ratio of -19.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.81 and a current ratio of 1.97. Varonis Systems has a 1 year low of $20.06 and a 1 year high of $63.90. The company’s fifty day moving average is $32.41 and its two-hundred day moving average is $45.25.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The company had revenue of $173.37 million during the quarter, compared to analysts’ expectations of $168.66 million. Varonis Systems had a negative net margin of 20.74% and a negative return on equity of 22.95%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. On average, sell-side analysts predict that Varonis Systems will post -0.83 earnings per share for the current year.

Institutional Trading of Varonis Systems

Several institutional investors and hedge funds have recently modified their holdings of VRNS. Assenagon Asset Management S.A. purchased a new position in shares of Varonis Systems during the 3rd quarter worth approximately $9,496,000. Yorktown Management & Research Co Inc acquired a new stake in Varonis Systems during the 2nd quarter valued at $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Varonis Systems during the 2nd quarter valued at $418,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Varonis Systems by 3.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 293,083 shares of the technology company’s stock worth $14,874,000 after buying an additional 10,100 shares in the last quarter. Finally, Capital Fund Management S.A. raised its holdings in shares of Varonis Systems by 31.0% in the second quarter. Capital Fund Management S.A. now owns 306,695 shares of the technology company’s stock worth $15,565,000 after acquiring an additional 72,657 shares during the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Trending Headlines about Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: DA Davidson upgraded Varonis from “neutral” to “buy” and raised its price target to $30, giving the stock an analyst-backed boost. DA Davidson upgrade
• Positive Sentiment: An industry-themed note says Varonis aligns with Nasdaq‑100 cybersecurity themes, which can attract thematic/ETF flows and investor interest in security software names. Varonis aligns with Nasdaq‑100 cybersecurity themes
• Neutral Sentiment: Market activity shows unusually large options volume for VRNS, which often signals short‑term speculation or hedging that can increase intraday volatility but not necessarily change fundamentals. Unusually large options volume
• Neutral Sentiment: Some outlets report new analyst targets around the mid‑$30s (e.g., $34.20 reported), showing mixed analyst views after recent results. These disparate targets can produce short-term trading moves as investors digest the consensus. Analyst price target reporting
• Negative Sentiment: Multiple law firms have filed or are soliciting clients for a securities class action against Varonis (alleging misleading statements about its SaaS transition). Widespread plaintiff‑firm notices and a filed class action increase legal risk, potential costs, and investor uncertainty. Bronstein Gewirtz Grossman class action
• Negative Sentiment: Several sell‑side firms cut price targets (Cantor Fitzgerald, JPMorgan, Truist, Wedbush, Citi and others lowered targets in recent notes), signaling reduced near‑term optimism about growth/transition dynamics and likely applying downward pressure on the stock. Analyst price target cuts roundup
• Negative Sentiment: Coverage of the post‑earnings selloff highlights that, while Varonis beat the quarter, aspects of the report (and guidance/discussion around the SaaS transition) worried investors and contributed to a sharp drawdown. That earnings reaction remains a key driver of current sentiment. Post‑earnings selloff analysis

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.