Varonis Systems (NASDAQ:VRNS) Raised to Hold at Wedbush

by · The Markets Daily

Varonis Systems (NASDAQ:VRNS – Get Free Report) was upgraded by investment analysts at Wedbush to a “hold” rating in a research note issued on Thursday, Zacks reports.

Several other equities analysts also recently commented on the company. Piper Sandler upped their price objective on Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Barclays lowered their target price on shares of Varonis Systems from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Citigroup upped their price target on shares of Varonis Systems from $30.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Susquehanna raised their price target on shares of Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $55.00 price objective on shares of Varonis Systems in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $49.79.

View Our Latest Report on Varonis Systems

Varonis Systems Stock Down 0.8%

Shares of NASDAQ:VRNS opened at $45.12 on Thursday. Varonis Systems has a 1 year low of $19.70 and a 1 year high of $63.90. The business has a 50 day simple moving average of $44.24 and a two-hundred day simple moving average of $33.67. The firm has a market capitalization of $5.18 billion, a PE ratio of -36.68 and a beta of 0.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65.

Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its earnings results 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 return on equity of 19.18% and a negative net margin of 20.55%.The firm had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The company’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. On average, equities analysts predict that Varonis Systems will post -0.97 EPS for the current year.

Hedge Funds Weigh In On Varonis Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in VRNS. Sequoia Financial Advisors LLC purchased a new stake in Varonis Systems in the second quarter worth about $204,000. WINTON GROUP Ltd purchased a new position in Varonis Systems during the 2nd quarter valued at about $306,000. Engineers Gate Manager LP purchased a new position in Varonis Systems during the 2nd quarter valued at about $1,441,000. Integrated Wealth Concepts LLC bought a new stake in shares of Varonis Systems in the 2nd quarter valued at about $276,000. Finally, Allworth Financial LP raised its holdings in shares of Varonis Systems by 66.1% in the 2nd quarter. Allworth Financial LP now owns 4,542 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,807 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

About Varonis Systems

(Get Free Report)

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.

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