TD Cowen Issues Positive Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price

Varonis Systems (NASDAQ:VRNS) had its target price boosted by equities researchers at TD Cowen from $40.00 to $50.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Cowen’s price target points to a potential upside of 9.36% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group boosted 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. Susquehanna lifted their target price on Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. KeyCorp initiated coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They issued a “sector weight” rating for the company. Needham & Company LLC lifted their price target on shares of Varonis Systems from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.20.

Varonis Systems Price Performance

Varonis Systems stock traded up $1.19 during trading hours on Monday, reaching $45.72. 731,089 shares of the stock were exchanged, compared to its average volume of 2,737,492. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.90. The company has a market cap of $5.25 billion, a P/E ratio of -40.07 and a beta of 0.83. The stock has a 50 day moving average of $34.22 and a two-hundred day moving average of $29.46.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Equities analysts expect that Varonis Systems will post -1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Varonis Systems by 161.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after acquiring an additional 839 shares during the period. Signaturefd LLC grew its stake in shares of Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after purchasing an additional 322 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at about $37,000. Fifth Third Bancorp boosted its stake in shares of Varonis Systems by 10,694.1% in the 1st 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 during the last quarter. Finally, Allworth Financial LP boosted its position in Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after acquiring an additional 463 shares during the last quarter. 95.65% of the stock is owned by institutional investors.

About Varonis Systems

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.