JPMorgan Chase & Co. Lowers Varonis Systems (NASDAQ:VRNS) Price Target to $50.00

Varonis Systems (NASDAQ:VRNS) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $62.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 42.98% from the stock’s current price.

VRNS has been the subject of several other research reports. Cantor Fitzgerald restated an “overweight” rating on shares of Varonis Systems in a research report on Wednesday, January 7th. Piper Sandler upgraded Varonis Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $47.00 in a research report on Monday, January 5th. Citigroup dropped their price target on shares of Varonis Systems from $58.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada lowered their target price on shares of Varonis Systems from $60.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $50.00 price objective (down from $70.00) on shares of Varonis Systems in a research note on Wednesday, October 29th. Fifteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Varonis Systems Stock Performance

NASDAQ VRNS traded up $0.02 during mid-day trading on Monday, reaching $34.97. 544,254 shares of the stock were exchanged, compared to its average volume of 1,880,544. The business’s 50 day moving average is $33.10 and its 200-day moving average is $46.72. The company has a market capitalization of $4.12 billion, a P/E ratio of -34.28 and a beta of 0.56. Varonis Systems has a 1 year low of $30.02 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.81 and a current ratio of 1.81.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly 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 firm had revenue of $161.58 million during the quarter, compared to analyst estimates of $166.47 million. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.Varonis Systems’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, equities research analysts forecast that Varonis Systems will post -0.83 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Varonis Systems during the 2nd quarter worth about $65,161,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Varonis Systems by 166.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after purchasing an additional 850,000 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Varonis Systems by 319.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after purchasing an additional 740,114 shares during the last quarter. Atreides Management LP acquired a new position in Varonis Systems in the third quarter valued at approximately $37,839,000. Finally, AustralianSuper Pty Ltd purchased a new position in Varonis Systems in the second quarter valued at approximately $23,582,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.