Odyssean LLC Purchases New Shares in Varonis Systems, Inc. $VRNS

Odyssean LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 66,475 shares of the technology company’s stock, valued at approximately $2,789,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in Varonis Systems in the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Varonis Systems during the third quarter valued at about $68,000. EverSource Wealth Advisors LLC increased its position in shares of Varonis Systems by 344.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after acquiring an additional 940 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Varonis Systems in the third quarter worth about $75,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Varonis Systems in the second quarter worth about $55,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Down 0.6%

Shares of Varonis Systems stock opened at $40.82 on Wednesday. The business has a 50-day moving average price of $42.43 and a 200 day moving average price of $31.90. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The firm has a market cap of $4.69 billion, a P/E ratio of -33.19 and a beta of 0.83. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The company had revenue of $180.02 million for the quarter, compared to the consensus estimate of $176.83 million. During the same quarter last year, the business posted $0.03 EPS. Varonis Systems’s quarterly revenue was up 18.3% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. On average, sell-side analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VRNS shares. Weiss Ratings raised Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. upped their target price on Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Barclays reduced their target price on Varonis Systems from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $33.00 to $45.00 in a research report on Wednesday, June 24th. Finally, Robert W. Baird lifted their price target on shares of Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Varonis Systems currently has an average rating of “Moderate Buy” and an average price target of $49.05.

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.