Varonis Systems (NASDAQ:VRNS) Trading Up 7.2% – Should You Buy?

Varonis Systems, Inc. (NASDAQ:VRNS)’s stock price shot up 7.2% during trading on Thursday . The stock traded as high as $44.03 and last traded at $44.40. Approximately 94,966 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 2,518,899 shares. The stock had previously closed at $41.40.

Wall Street Analyst Weigh In

VRNS has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. KeyCorp initiated coverage on Varonis Systems in a research report on Tuesday, May 26th. They issued a “sector weight” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $55.00 target price on shares of Varonis Systems in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $33.00 to $45.00 in a research report on Wednesday, June 24th. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.05.

Varonis Systems Trading Down 1.9%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The business has a fifty day simple moving average of $43.04 and a 200 day simple moving average of $32.27. The company has a market cap of $5.04 billion, a P/E ratio of -35.71 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. 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. Analysts anticipate that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Institutional Trading of Varonis Systems

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in shares of Varonis Systems by 4,095.8% in the 2nd quarter. California State Teachers Retirement System now owns 5,547,532 shares of the technology company’s stock worth $232,774,000 after buying an additional 5,415,317 shares during the last quarter. American Capital Management Inc. bought a new stake in shares of Varonis Systems during the 2nd quarter valued at about $94,062,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Varonis Systems during the 4th quarter valued at about $48,263,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Varonis Systems during the 2nd quarter valued at about $61,262,000. Finally, First Trust Advisors LP raised its stake in Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares during the period. Institutional investors own 95.65% of the company’s stock.

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.