Varonis Systems (NASDAQ:VRNS) Upgraded at Rosenblatt Securities

Varonis Systems (NASDAQ:VRNS) was upgraded by analysts at Rosenblatt Securities to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on VRNS. Morgan Stanley reaffirmed an “equal weight” rating and issued a $41.00 price target (down from $44.00) on shares of Varonis Systems in a research report on Monday, January 26th. Royal Bank Of Canada lifted their price target on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Varonis Systems in a research report on Monday, May 4th. Wedbush lifted their price target on Varonis Systems from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Citigroup lifted their price objective on Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average target price of $41.35.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $27.84 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $3.20 billion, a P/E ratio of -24.42 and a beta of 0.80. The business has a fifty day simple moving average of $24.02 and a two-hundred day simple moving average of $29.66. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VRNS. Dynamic Technology Lab Private Ltd bought a new position in shares of Varonis Systems during the 1st quarter valued at approximately $233,000. Caxton Associates LLP bought a new position in shares of Varonis Systems during the 1st quarter valued at approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Varonis Systems by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after acquiring an additional 64,636 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Varonis Systems by 2.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 628 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Varonis Systems by 8.6% during the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock valued at $4,899,000 after acquiring an additional 7,618 shares during the period. 95.65% of the stock is currently owned by institutional investors.

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.