Brokerages Set Varonis Systems, Inc. (NASDAQ:VRNS) Price Target at $49.05

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) have been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.0526.

A number of research analysts have recently commented on VRNS shares. Citigroup increased their price objective on Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. TD Cowen boosted their target price on Varonis Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird increased their price target on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, KeyCorp assumed coverage on shares of Varonis Systems in a research report on Tuesday, May 26th. They issued a “sector weight” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VRNS. California State Teachers Retirement System grew its position in shares of Varonis Systems by 4,095.8% in the second quarter. California State Teachers Retirement System now owns 5,547,532 shares of the technology company’s stock valued at $232,774,000 after purchasing an additional 5,415,317 shares during the last quarter. American Capital Management Inc. bought a new stake in Varonis Systems during the 2nd quarter valued at approximately $94,062,000. Jacobs Levy Equity Management Inc. bought a new stake in Varonis Systems during the 4th quarter valued at approximately $48,263,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Varonis Systems in the 2nd quarter valued at approximately $61,262,000. Finally, First Trust Advisors LP grew its holdings in Varonis Systems by 40.6% in the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after buying an additional 1,279,002 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Up 1.4%

Varonis Systems stock opened at $41.40 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90. The firm’s fifty day simple moving average is $42.60 and its 200-day simple moving average is $32.04. The company has a market capitalization of $4.76 billion, a P/E ratio of -33.66 and a beta of 0.83.

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

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.