Varonis Systems (NASDAQ:VRNS) Given “Equal Weight” Rating at Wells Fargo & Company

Varonis Systems (NASDAQ:VRNS)‘s stock had its “equal weight” rating restated by analysts at Wells Fargo & Company in a report issued on Friday, Benzinga reports. They presently have a $49.75 target price on the technology company’s stock, down from their previous target price of $53.00. Wells Fargo & Company‘s target price would suggest a potential upside of 5.09% from the stock’s current price.

Several other equities research analysts have also recently commented on VRNS. 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. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a research note on Wednesday, July 29th. Susquehanna raised their target price on Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada lowered Varonis Systems from an “outperform” rating to a “neutral” rating in a report on Friday. Finally, TD Cowen boosted their price target on shares of Varonis Systems from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.25.

Varonis Systems Stock Up 0.6%

Shares of NASDAQ VRNS opened at $47.34 on Friday. Varonis Systems has a 12-month low of $19.70 and a 12-month high of $63.80. The stock has a market cap of $5.44 billion, a PE ratio of -38.49 and a beta of 0.77. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $45.71 and a 200 day moving average of $37.89.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating 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 company had revenue of $180.02 million during the quarter, compared to the consensus estimate of $176.83 million. During the same quarter in the prior year, the firm earned $0.03 EPS. Varonis Systems’s quarterly revenue 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. As a group, sell-side analysts predict that Varonis Systems will post -0.95 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its position in shares of Varonis Systems by 417.3% during the third quarter. Assenagon Asset Management S.A. now owns 89,971 shares of the technology company’s stock valued at $4,269,000 after acquiring an additional 72,577 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Varonis Systems in the third quarter valued at approximately $247,000. Sequoia Financial Advisors LLC acquired a new position in shares of Varonis Systems in the second quarter valued at approximately $204,000. WINTON GROUP Ltd purchased a new stake in Varonis Systems during the 2nd quarter worth approximately $306,000. Finally, Engineers Gate Manager LP purchased a new stake in Varonis Systems during the 2nd quarter worth approximately $1,441,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Varonis Systems

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

• Positive Sentiment: Proofpoint will pay $49.75 per Varonis share in cash, giving investors a clear takeover valuation and reducing exposure to the company’s standalone operating risks. The announcement drove buying interest in VRNS. Proofpoint to Acquire Varonis in a $6.3 Billion Transaction
• Positive Sentiment: The transaction represents a substantial premium to Varonis’s unaffected trading price and could provide shareholders with near-term value realization, subject to customary closing conditions and approvals. Varonis stock climbs on $6.3 billion Proofpoint deal
• Neutral Sentiment: Before the acquisition announcement, Wells Fargo raised its Varonis price target from $48 to $53 and maintained an “overweight” rating, indicating analysts saw additional value in the business. However, the agreed cash consideration is now the primary reference point for the stock. Wells Fargo raises Varonis price target
• Negative Sentiment: Ademi LLP and Halper Sadeh LLP announced investigations into whether the $49.75-per-share offer fairly values Varonis, whether directors adequately protected shareholders, and whether insiders received preferential benefits. These reviews could create deal-related uncertainty or delay completion, although such announcements do not necessarily indicate that the transaction will be blocked. Ademi LLP investigates Varonis buyout

About Varonis Systems

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.