TD Cowen Forecasts Strong Price Appreciation for Varonis Systems (NASDAQ:VRNS) Stock

Varonis Systems (NASDAQ:VRNS) had its price objective raised by equities researchers at TD Cowen from $53.00 to $56.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. TD Cowen’s price target would suggest a potential upside of 16.79% from the stock’s current price.

VRNS has been the topic of several other reports. Rosenblatt Securities restated a “buy” rating and set a $55.00 target price on shares of Varonis Systems in a research report on Wednesday, July 29th. Susquehanna raised their price target on shares of Varonis Systems from $36.00 to $55.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating on shares of Varonis Systems in a report on Tuesday, September 8th. JPMorgan Chase & Co. increased their target price on Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Varonis Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.95.

Varonis Systems Stock Performance

Shares of VRNS stock traded up $1.58 during mid-day trading on Tuesday, hitting $47.95. 256,463 shares of the stock were exchanged, compared to its average volume of 2,411,219. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of -38.98 and a beta of 0.77. Varonis Systems has a 12-month low of $19.70 and a 12-month high of $63.80. The stock’s fifty day simple moving average is $45.43 and its two-hundred day simple moving average is $37.33. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. During the same period in the prior year, the company earned $0.03 earnings per share. The business’s 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, analysts forecast that Varonis Systems will post -0.96 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new stake in Varonis Systems during the 2nd quarter worth $204,000. WINTON GROUP Ltd purchased a new position in Varonis Systems in the 2nd quarter valued at about $306,000. Engineers Gate Manager LP purchased a new position in Varonis Systems in the 2nd quarter valued at about $1,441,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Varonis Systems during the second quarter valued at about $276,000. Finally, Allworth Financial LP grew its stake in shares of Varonis Systems by 66.1% during the second quarter. Allworth Financial LP now owns 4,542 shares of the technology company’s stock valued at $191,000 after acquiring an additional 1,807 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.