Varonis Systems’ (VRNS) Neutral Rating Reaffirmed at Wedbush

Varonis Systems (NASDAQ:VRNS)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a research report issued on Friday, Benzinga reports. They presently have a $46.00 price target on the technology company’s stock. Wedbush’s price target indicates a potential upside of 1.10% from the company’s current price.

VRNS has been the subject of several other research reports. TD Cowen raised their price target on shares of Varonis Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Varonis Systems in a research note on Tuesday. New Street Research reiterated a “buy” rating on shares of Varonis Systems in a report on Wednesday, July 29th. Needham & Company LLC lifted their price objective on shares of Varonis Systems from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings raised Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and an average target price of $49.79.

Varonis Systems Stock Down 1.3%

Shares of NASDAQ:VRNS opened at $45.50 on Friday. Varonis Systems has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a market capitalization of $5.23 billion, a PE ratio of -36.99 and a beta of 0.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The company has a fifty day moving average of $44.19 and a 200-day moving average of $33.59.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $180.02 million during the quarter, compared to the consensus estimate of $176.83 million. During the same period last year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. 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, equities analysts predict that Varonis Systems will post -0.97 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 company. Sequoia Financial Advisors LLC bought a new position in shares of Varonis Systems in the second quarter worth $204,000. WINTON GROUP Ltd purchased a new stake in shares of Varonis Systems in the 2nd quarter valued at about $306,000. Engineers Gate Manager LP bought a new stake in shares of Varonis Systems during the 2nd quarter valued at about $1,441,000. Integrated Wealth Concepts LLC purchased a new position in shares of Varonis Systems during the second quarter worth about $276,000. Finally, Allworth Financial LP increased its position in shares of Varonis Systems by 66.1% in the second quarter. Allworth Financial LP now owns 4,542 shares of the technology company’s stock worth $191,000 after purchasing an additional 1,807 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

About Varonis Systems

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.