Varonis Systems (NASDAQ:VRNS) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Varonis Systems (NASDAQ:VRNS) from a neutral rating to an overweight rating in a report released on Monday, MarketBeat reports. They currently have $47.00 price objective on the technology company’s stock, up from their prior price objective of $45.00.

Several other analysts also recently weighed in on VRNS. UBS Group decreased their target price on Varonis Systems from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Barclays increased their price objective on Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, October 8th. Finally, Needham & Company LLC cut their target price on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Seventeen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.70.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $35.44 on Monday. Varonis Systems has a 1 year low of $30.02 and a 1 year high of $63.90. The firm’s fifty day simple moving average is $33.24 and its 200 day simple moving average is $48.12. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $4.18 billion, a PE ratio of -34.75 and a beta of 0.56.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates 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 net margin of 18.82% and a negative return on equity of 21.91%. The business’s revenue was up 9.1% on a year-over-year basis. 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, sell-side analysts anticipate that Varonis Systems will post -0.83 EPS for the current year.

Institutional Investors Weigh In On Varonis Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Varonis Systems by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 12,595,348 shares of the technology company’s stock worth $723,855,000 after acquiring an additional 436,462 shares during the period. Goldman Sachs Group Inc. increased its stake in Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock valued at $165,231,000 after acquiring an additional 848,408 shares during the period. First Trust Advisors LP raised its position in Varonis Systems by 7.9% in the third quarter. First Trust Advisors LP now owns 3,148,243 shares of the technology company’s stock worth $180,930,000 after purchasing an additional 230,852 shares in the last quarter. Geode Capital Management LLC lifted its stake in Varonis Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock worth $135,537,000 after purchasing an additional 7,342 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Varonis Systems by 98.6% during the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock worth $93,897,000 after purchasing an additional 1,152,687 shares during the period. 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.