Truist Financial Issues Positive Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price

Varonis Systems (NASDAQ:VRNS) had its price objective boosted by Truist Financial from $34.00 to $52.00 in a research note issued to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the technology company’s stock.

VRNS has been the topic of a number of other research reports. Barclays raised their price target on Varonis Systems from $33.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Rosenblatt Securities started coverage on shares of Varonis Systems in a research note on Tuesday, May 12th. They set a “buy” rating and a $40.00 price objective for the company. Citigroup raised their target price on shares of Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings raised Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Finally, DA Davidson upped their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.90.

Varonis Systems Stock Down 2.7%

VRNS opened at $46.18 on Tuesday. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -40.51 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The firm’s 50-day simple moving average is $36.92 and its 200-day simple moving average is $30.14. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The business had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. The firm’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. Equities research analysts anticipate that Varonis Systems will post -1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

Several large investors have recently modified their holdings of VRNS. Signaturefd LLC lifted its stake in shares of Varonis Systems by 47.8% in the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Varonis Systems by 5.5% during the second quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company’s stock valued at $340,000 after purchasing an additional 351 shares in the last quarter. Amundi grew its stake in Varonis Systems by 0.7% in the third quarter. Amundi now owns 52,886 shares of the technology company’s stock worth $3,212,000 after purchasing an additional 387 shares during the period. Osaic Holdings Inc. grew its stake in Varonis Systems by 10.5% in the second quarter. Osaic Holdings Inc. now owns 4,647 shares of the technology company’s stock worth $234,000 after purchasing an additional 440 shares during the period. Finally, Allworth Financial LP raised its holdings 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 in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

About Varonis Systems

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.