Varonis Systems, Inc. (NASDAQ:VRNS) Short Interest Update

Varonis Systems, Inc. (NASDAQ:VRNS) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,034,766 shares, a decrease of 15.2% from the February 26th total of 7,114,475 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,907,185 shares, the short-interest ratio is currently 3.2 days.

Analysts Set New Price Targets

VRNS has been the topic of several analyst reports. Truist Financial cut their target price on Varonis Systems from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. DA Davidson raised shares of Varonis Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.00 to $30.00 in a research report on Thursday, February 5th. Royal Bank Of Canada lowered their price target on shares of Varonis Systems from $60.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. B. Riley Financial cut their price objective on shares of Varonis Systems from $58.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Cantor Fitzgerald reduced their price objective on shares of Varonis Systems from $50.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Varonis Systems currently has an average rating of “Moderate Buy” and an average price target of $42.79.

Varonis Systems Trading Down 0.2%

Shares of NASDAQ:VRNS opened at $21.17 on Tuesday. The business’s 50-day moving average is $25.62 and its 200 day moving average is $36.83. Varonis Systems has a 1 year low of $20.06 and a 1 year high of $63.90. The firm has a market capitalization of $2.49 billion, a P/E ratio of -18.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.The business had revenue of $173.37 million during the quarter, compared to the consensus estimate of $168.66 million. During the same quarter last year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. On average, research analysts predict that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John J. Gavin, Jr. bought 5,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $22.54 per share, with a total value of $112,700.00. Following the transaction, the director owned 273,666 shares of the company’s stock, valued at $6,168,431.64. The trade was a 1.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Avrohom J. Kess purchased 17,800 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $22.29 per share, for a total transaction of $396,762.00. Following the completion of the acquisition, the director directly owned 49,403 shares in the company, valued at approximately $1,101,192.87. This trade represents a 56.32% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 25,780 shares of company stock worth $579,403 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Varonis Systems

A number of institutional investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. lifted its stake in shares of Varonis Systems by 146.3% during the third quarter. Hodges Capital Management Inc. now owns 126,450 shares of the technology company’s stock worth $7,267,000 after buying an additional 75,120 shares during the period. Readystate Asset Management LP acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $13,731,000. Assenagon Asset Management S.A. acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $9,496,000. Allspring Global Investments Holdings LLC raised its stake in Varonis Systems by 69.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,646,351 shares of the technology company’s stock worth $95,192,000 after acquiring an additional 674,807 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its stake in Varonis Systems by 29.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 602,379 shares of the technology company’s stock worth $34,619,000 after acquiring an additional 137,713 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.