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

Varonis Systems (NASDAQ:VRNS) had its price objective upped by research analysts at Truist Financial from $34.00 to $52.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Truist Financial’s target price suggests a potential upside of 12.52% from the stock’s previous close.

Several other equities analysts have also recently issued reports on VRNS. Royal Bank Of Canada boosted their price objective on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Wells Fargo & Company boosted their price target on Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Varonis Systems in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.85.

Varonis Systems Stock Performance

Shares of Varonis Systems stock traded down $1.24 during trading on Tuesday, hitting $46.22. 491,700 shares of the company’s stock were exchanged, compared to its average volume of 2,701,153. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of -40.54 and a beta of 0.83. The business has a 50-day simple moving average of $36.55 and a 200-day simple moving average of $30.04. 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 posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 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 analyst estimates 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 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, research analysts forecast that Varonis Systems will post -1.05 EPS for the current year.

Hedge Funds Weigh In On Varonis Systems

Hedge funds have recently bought and sold shares of the business. Fideuram Asset Management Ireland dac purchased a new stake in shares of Varonis Systems in the 4th quarter valued at approximately $2,784,000. Vanguard Group Inc. boosted its position in shares of Varonis Systems by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after purchasing an additional 822,925 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Varonis Systems by 127.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 732,189 shares of the technology company’s stock worth $24,016,000 after purchasing an additional 409,966 shares during the period. Assenagon Asset Management S.A. increased its holdings in Varonis Systems by 63.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 270,606 shares of the technology company’s stock valued at $8,876,000 after purchasing an additional 105,378 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Varonis Systems by 492.1% in the 4th quarter. SG Americas Securities LLC now owns 145,014 shares of the technology company’s stock valued at $4,756,000 after purchasing an additional 120,523 shares during 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.