JPMorgan Chase & Co. Boosts Varonis Systems (NASDAQ:VRNS) Price Target to $55.00

Varonis Systems (NASDAQ:VRNS) had its target price upped by analysts at JPMorgan Chase & Co. from $39.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.53% from the company’s current price.

A number of other analysts also recently issued reports on the stock. B. Riley Financial raised their price target on shares of Varonis Systems from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday. Stephens upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. Weiss Ratings upgraded shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 30th. TD Cowen increased their price target on Varonis Systems from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Needham & Company LLC increased their price target on Varonis Systems from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.26.

Varonis Systems Trading Up 1.4%

Shares of NASDAQ VRNS traded up $0.66 during trading hours on Monday, hitting $46.40. The company’s stock had a trading volume of 484,532 shares, compared to its average volume of 2,664,406. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of -40.58 and a beta of 0.83. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90. The business has a 50-day simple moving average of $37.99 and a 200-day simple moving average of $30.40.

Varonis Systems (NASDAQ:VRNS) last announced its 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. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The firm had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. The company’s quarterly 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. On average, analysts anticipate that Varonis Systems will post -1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. purchased a new position in Varonis Systems in the fourth quarter worth $48,263,000. First Trust Advisors LP boosted its position in shares of Varonis Systems by 40.6% in the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after purchasing an additional 1,279,002 shares in the last quarter. Senvest Management LLC boosted its position in shares of Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock worth $31,109,000 after purchasing an additional 1,162,651 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Varonis Systems by 99.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after buying an additional 1,084,267 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Varonis Systems by 218.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after buying an additional 966,817 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other 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.