Varonis Systems (NASDAQ:VRNS) Rating Increased to Overweight at Piper Sandler

Piper Sandler upgraded shares of Varonis Systems (NASDAQ:VRNS) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have $47.00 price objective on the technology company’s stock, up from their prior price objective of $45.00.

Other equities analysts have also recently issued research reports about the stock. Baird R W cut shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $70.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Royal Bank Of Canada reduced their price objective on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Susquehanna decreased their target price on Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a report on Wednesday, October 29th. Finally, UBS Group lowered their price objective on Varonis Systems from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Seventeen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average target price of $56.70.

Varonis Systems Stock Performance

VRNS stock opened at $32.86 on Monday. The company has a market cap of $3.87 billion, a P/E ratio of -32.22 and a beta of 0.56. Varonis Systems has a 1 year low of $30.02 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. The stock’s fifty day moving average price is $33.77 and its 200-day moving average price is $48.32.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The company had revenue of $161.58 million during the quarter, compared to analysts’ expectations of $166.47 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. Varonis Systems’s revenue for the quarter was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, equities analysts forecast that Varonis Systems will post -0.83 earnings per share for the current year.

Institutional Trading of Varonis Systems

A number of large investors have recently added to or reduced their stakes in VRNS. Bessemer Group Inc. boosted its position in shares of Varonis Systems by 179.1% during the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after acquiring an additional 317 shares during the last quarter. Allworth Financial LP increased its position in Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after purchasing an additional 463 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Varonis Systems during the third quarter valued at $42,000. First Horizon Corp bought a new position in Varonis Systems during the third quarter valued at $45,000. Finally, Westside Investment Management Inc. grew its stake in shares of Varonis Systems by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock worth $49,000 after buying an additional 422 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

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.