Varonis Systems (NASDAQ:VRNS) Shares Cross Above 50-Day Moving Average – Time to Sell?

Varonis Systems, Inc. (NASDAQ:VRNS)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $44.77 and traded as high as $49.35. Varonis Systems shares last traded at $49.08, with a volume of 1,626,427 shares changing hands.

Wall Street Analyst Weigh In

VRNS has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating on shares of Varonis Systems in a research note on Tuesday, September 8th. Truist Financial lifted their price objective on Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Citigroup boosted their price objective on Varonis Systems from $30.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $46.00 target price on shares of Varonis Systems in a research report on Friday, September 11th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.79.

Varonis Systems Stock Down 0.2%

The firm has a market cap of $5.61 billion, a PE ratio of -39.74 and a beta of 0.77. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $45.12 and a two-hundred day moving average price of $36.98.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The firm had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. During the same period last year, the business posted $0.03 earnings per share. Varonis Systems’s revenue was up 18.3% compared to the same quarter last year. 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. On average, equities research analysts expect that Varonis Systems, Inc. will post -0.96 EPS for the current year.

Institutional Trading of Varonis Systems

A number of large investors have recently made changes to their positions in VRNS. Pictet Asset Management Holding SA grew its holdings in Varonis Systems by 43.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after acquiring an additional 944,676 shares in the last quarter. American Capital Management Inc. raised its holdings in shares of Varonis Systems by 54.3% in the 1st quarter. American Capital Management Inc. now owns 2,328,379 shares of the technology company’s stock valued at $49,990,000 after purchasing an additional 819,340 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Varonis Systems by 17.9% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,992,760 shares of the technology company’s stock worth $42,785,000 after purchasing an additional 302,411 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Varonis Systems by 7.4% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,460,000 shares of the technology company’s stock worth $47,888,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Senvest Management LLC grew its stake in shares of Varonis Systems by 406.1% during the first quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after purchasing an additional 1,162,651 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

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.