Varonis Systems (NASDAQ:VRNS) Given New $28.00 Price Target at Barclays

Varonis Systems (NASDAQ:VRNS) had its price target lowered by Barclays from $38.00 to $28.00 in a research report report published on Monday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

VRNS has been the subject of several other research reports. Piper Sandler raised shares of Varonis Systems from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $47.00 in a research report on Monday, January 5th. Cantor Fitzgerald decreased their price objective on shares of Varonis Systems from $50.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Needham & Company LLC lowered their price objective on shares of Varonis Systems from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a report on Wednesday, January 21st. Finally, UBS Group set a $50.00 target price on Varonis Systems in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.89.

Varonis Systems Price Performance

Shares of Varonis Systems stock opened at $21.97 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97. Varonis Systems has a one year low of $19.70 and a one year high of $63.90. The business’s 50 day simple moving average is $23.49 and its two-hundred day simple moving average is $34.33. The stock has a market capitalization of $2.58 billion, a P/E ratio of -19.27 and a beta of 0.68.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.The firm had revenue of $173.37 million during the quarter, compared to analyst estimates of $168.66 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. Analysts forecast that Varonis Systems will post -0.83 EPS for the current year.

Insider Buying and Selling

In other Varonis Systems news, Director Avrohom J. Kess bought 17,800 shares of the stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $22.29 per share, for a total transaction of $396,762.00. Following the completion of the acquisition, the director owned 49,403 shares of the company’s stock, valued at approximately $1,101,192.87. This trade represents a 56.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Bass purchased 2,980 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was bought at an average cost of $23.47 per share, for a total transaction of $69,940.60. Following the completion of the transaction, the executive vice president owned 1,042,924 shares in the company, valued at approximately $24,477,426.28. This represents a 0.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 25,780 shares of company stock valued at $579,403 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in Varonis Systems in the fourth quarter worth $48,263,000. First Trust Advisors LP increased its holdings in shares of Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after acquiring an additional 1,279,002 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Varonis Systems by 99.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock valued at $71,480,000 after acquiring an additional 1,084,267 shares in the last quarter. Norges Bank purchased a new position in shares of Varonis Systems in the 4th quarter worth about $28,811,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Varonis Systems by 166.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after purchasing an additional 850,000 shares during 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.