Varonis Systems (NASDAQ:VRNS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Varonis Systems (NASDAQ:VRNS) had its target price increased by equities research analysts at Wells Fargo & Company from $35.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.17% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Varonis Systems in a research note on Wednesday, June 24th. Rosenblatt Securities assumed coverage on shares of Varonis Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price for the company. Susquehanna lifted their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. KeyCorp began coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They set a “sector weight” rating for the company. Finally, DA Davidson upped their price objective on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned 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 $42.95.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $47.54 on Monday. Varonis Systems 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 $5.46 billion, a PE ratio of -41.70 and a beta of 0.83. The business’s fifty day moving average is $36.16 and its two-hundred day moving average is $29.94. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company’s quarterly revenue was up 26.9% on a year-over-year basis. 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. Analysts anticipate that Varonis Systems will post -1.05 earnings per share for the current year.

Institutional Trading of Varonis Systems

Hedge funds have recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Varonis Systems in the fourth quarter worth about $2,784,000. Vanguard Group Inc. increased its holdings in Varonis Systems by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after purchasing an additional 822,925 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Varonis Systems by 127.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 732,189 shares of the technology company’s stock worth $24,016,000 after purchasing an additional 409,966 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Varonis Systems by 63.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 270,606 shares of the technology company’s stock valued at $8,876,000 after purchasing an additional 105,378 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Varonis Systems by 492.1% in the 4th quarter. SG Americas Securities LLC now owns 145,014 shares of the technology company’s stock valued at $4,756,000 after purchasing an additional 120,523 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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.