Varonis Systems (NASDAQ:VRNS) Price Target Raised to $52.00

Varonis Systems (NASDAQ:VRNS) had its price objective hoisted by Truist Financial from $34.00 to $52.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts also recently issued reports on the company. Barclays raised their price target on Varonis Systems from $33.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. KeyCorp began coverage on Varonis Systems in a research note on Tuesday, May 26th. They set a “sector weight” rating for the company. TD Cowen increased their target price on Varonis Systems from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Citigroup raised their target price on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.84.

Varonis Systems Price Performance

VRNS opened at $44.78 on Tuesday. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -39.28 and a beta of 0.83. Varonis Systems has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The company’s 50-day moving average price is $37.64 and its 200 day moving average price is $30.31. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $165.52 million. The firm’s 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. As a group, sell-side analysts expect that Varonis Systems will post -1.05 earnings per share for the current year.

Hedge Funds Weigh In On Varonis Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Varonis Systems by 47.8% in 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. Benjamin Edwards Inc. boosted its stake in shares of Varonis Systems by 5.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company’s stock valued at $340,000 after buying an additional 351 shares during the period. Amundi grew its holdings in shares of Varonis Systems by 0.7% during the 3rd quarter. Amundi now owns 52,886 shares of the technology company’s stock valued at $3,212,000 after acquiring an additional 387 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Varonis Systems by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,647 shares of the technology company’s stock valued at $234,000 after acquiring an additional 440 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of 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 acquiring an additional 463 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

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.