Varonis Systems (NASDAQ:VRNS) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Varonis Systems (NASDAQ:VRNS) had its price target raised by analysts at B. Riley Financial from $45.00 to $55.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price target would indicate a potential upside of 20.24% from the company’s previous close.

A number of other brokerages have also commented on VRNS. Royal Bank Of Canada lifted their price objective on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. KeyCorp began coverage on shares of Varonis Systems in a research report on Tuesday, May 26th. They set a “sector weight” rating for the company. Needham & Company LLC increased their price objective on shares of Varonis Systems from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Varonis Systems in a research note on Wednesday, June 24th. Finally, DA Davidson lifted their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and an average price target of $45.42.

Varonis Systems Stock Up 2.1%

Shares of VRNS opened at $45.74 on Friday. The business’s fifty day moving average price is $37.99 and its two-hundred day moving average price is $30.42. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -40.12 and a beta of 0.83. Varonis Systems has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping 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 company had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. The business’s revenue was up 26.9% on a year-over-year basis. 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. On average, analysts predict that Varonis Systems will post -1.05 earnings per share for the current year.

Hedge Funds Weigh In On Varonis Systems

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Varonis Systems by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after acquiring an additional 822,925 shares during the period. First Trust Advisors LP grew its holdings in 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 purchasing an additional 1,279,002 shares during the period. RGM Capital LLC increased its stake in Varonis Systems by 17.1% in the fourth quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock valued at $103,651,000 after purchasing an additional 460,580 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Varonis Systems by 43.4% in the first quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock valued at $67,029,000 after purchasing an additional 944,676 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Varonis Systems by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock valued at $92,943,000 after purchasing an additional 151,961 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.