Varonis Systems (NASDAQ:VRNS) Given New $50.00 Price Target at Wells Fargo & Company

Varonis Systems (NASDAQ:VRNS) had its price objective hoisted by Wells Fargo & Company from $35.00 to $50.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

VRNS has been the topic of a number of other reports. Citigroup boosted their price target on shares of Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Rosenblatt Securities initiated coverage on Varonis Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wedbush reissued an “outperform” rating and set a $37.00 target price on shares of Varonis Systems in a research note on Wednesday, June 24th. Finally, TD Cowen raised their price target on Varonis Systems from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus price target of $42.95.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $47.45 on Monday. The stock has a fifty day moving average price of $36.55 and a 200 day moving average price of $30.04. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $5.45 billion, a PE ratio of -41.62 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. Varonis Systems’s quarterly revenue was up 26.9% compared to the same quarter last year. 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. Sell-side analysts forecast that Varonis Systems will post -1.05 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Varonis Systems by 161.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after buying an additional 839 shares in the last quarter. Signaturefd LLC increased its holdings in Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after acquiring an additional 322 shares in the last quarter. Empowered Funds LLC acquired a new position in Varonis Systems during the fourth quarter worth about $37,000. Fifth Third Bancorp raised its position in Varonis Systems by 10,694.1% during the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after purchasing an additional 463 shares in the last quarter. Hedge funds and other 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.