Varonis Systems (NASDAQ:VRNS) Upgraded at Rosenblatt Securities

Varonis Systems (NASDAQ:VRNS) was upgraded by research analysts at Rosenblatt Securities to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Cantor Fitzgerald lowered their price target on Varonis Systems from $50.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Susquehanna boosted their price target on Varonis Systems from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. DA Davidson raised their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Barclays raised their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.35.

Varonis Systems Stock Down 0.6%

NASDAQ VRNS opened at $27.84 on Monday. The stock’s 50 day moving average is $24.02 and its 200 day moving average is $29.66. 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 12 month low of $19.70 and a 12 month high of $63.90. The stock has a market cap of $3.20 billion, a PE ratio of -24.42 and a beta of 0.80.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems’s quarterly revenue 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. Research analysts predict that Varonis Systems will post -1.05 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

Several hedge funds and other institutional investors have recently bought and sold shares of VRNS. Signaturefd LLC raised its holdings in Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after buying an additional 322 shares during the period. Empowered Funds LLC purchased a new stake in Varonis Systems during the 4th quarter valued at $37,000. Fifth Third Bancorp raised its holdings in Varonis Systems by 10,694.1% during the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after buying an additional 1,818 shares during the period. Allworth Financial LP raised its holdings in Varonis Systems by 201.3% during the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after buying an additional 463 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in Varonis Systems during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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.