Barclays Cuts Varonis Systems (NASDAQ:VRNS) Price Target to $45.00

Varonis Systems (NASDAQ:VRNS) had its price objective lowered by Barclays from $50.00 to $45.00 in a research report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Stephens started coverage on shares of Varonis Systems in a research note on Tuesday, December 30th. They set an “equal weight” rating and a $40.00 target price for the company. Needham & Company LLC cut their price objective on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Piper Sandler upgraded Varonis Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $47.00 in a report on Monday. JPMorgan Chase & Co. upped their target price on Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, TD Cowen lifted their price target on Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.70.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $35.44 on Monday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of -34.75 and a beta of 0.56. The business has a 50-day moving average of $33.24 and a 200-day moving average of $48.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems has a fifty-two week low of $30.02 and a fifty-two week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $161.58 million during the quarter, compared to analysts’ expectations of $166.47 million. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, sell-side analysts predict that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Institutional Trading of Varonis Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in shares of Varonis Systems during the third quarter valued at approximately $9,496,000. Yorktown Management & Research Co Inc bought a new position in Varonis Systems during the 2nd quarter valued at $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Varonis Systems during the 2nd quarter valued at $418,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Varonis Systems by 3.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 293,083 shares of the technology company’s stock worth $14,874,000 after acquiring an additional 10,100 shares during the last quarter. Finally, Capital Fund Management S.A. grew its stake in shares of Varonis Systems by 31.0% in the 2nd quarter. Capital Fund Management S.A. now owns 306,695 shares of the technology company’s stock worth $15,565,000 after acquiring an additional 72,657 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

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.