EVR Research LP Acquires Shares of 85,000 Varonis Systems, Inc. $VRNS

EVR Research LP acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 85,000 shares of the technology company’s stock, valued at approximately $2,788,000. Varonis Systems comprises 1.5% of EVR Research LP’s portfolio, making the stock its 22nd largest holding. EVR Research LP owned approximately 0.07% of Varonis Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Hodges Capital Management Inc. increased its position in Varonis Systems by 146.3% during the third quarter. Hodges Capital Management Inc. now owns 126,450 shares of the technology company’s stock valued at $7,267,000 after acquiring an additional 75,120 shares during the last quarter. Readystate Asset Management LP bought a new position in Varonis Systems during the third quarter valued at $13,731,000. Vanguard Group Inc. increased its position in Varonis Systems by 6.5% during the fourth 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 last quarter. Fideuram Asset Management Ireland dac bought a new position in Varonis Systems during the fourth quarter valued at $2,784,000. Finally, Elo Mutual Pension Insurance Co bought a new position in Varonis Systems during the third quarter valued at $1,477,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Down 2.3%

Shares of VRNS opened at $33.08 on Thursday. 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 fifty day moving average price of $28.54 and a 200-day moving average price of $28.52. The firm has a market capitalization of $3.80 billion, a P/E ratio of -29.02 and a beta of 0.89. Varonis Systems, Inc. has a 12-month low of $19.70 and a 12-month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The firm had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.Varonis Systems’s 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 expect that Varonis Systems, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Barclays boosted their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. KeyCorp assumed coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They set a “sector weight” rating for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Varonis Systems in a research note on Monday, May 4th. Finally, Needham & Company LLC boosted their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.35.

Varonis Systems 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.