Jupiter Topco LLC Invests $5.90 Million in Varonis Systems, Inc. $VRNS

Jupiter Topco LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 140,714 shares of the technology company’s stock, valued at approximately $5,904,000. Jupiter Topco LLC owned about 0.12% of Varonis Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of VRNS. Empowered Funds LLC acquired a new stake in Varonis Systems during the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Varonis Systems in the 3rd quarter worth approximately $68,000. EverSource Wealth Advisors LLC grew its position in shares of Varonis Systems by 344.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after acquiring an additional 940 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Varonis Systems in the 3rd quarter valued at approximately $75,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Varonis Systems during the 2nd quarter valued at approximately $55,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VRNS shares. Cantor Fitzgerald restated an “overweight” rating and set a $55.00 price objective (up from $35.00) on shares of Varonis Systems in a research note on Friday, July 24th. Needham & Company LLC increased their target price on shares of Varonis Systems from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Truist Financial lifted their price target on shares of Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company increased their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.05.

Varonis Systems Stock Performance

Shares of VRNS opened at $43.77 on Tuesday. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The company has a market cap of $5.03 billion, a price-to-earnings ratio of -35.59 and a beta of 0.83. 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 firm has a fifty day moving average of $43.26 and a 200-day moving average of $32.44.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities analysts anticipate that Varonis Systems, Inc. will post -0.97 earnings per share for the current year.

Varonis Systems 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.