Varonis Systems (NASDAQ:VRNS) Upgraded by Stephens to “Overweight” Rating

Varonis Systems (NASDAQ:VRNS) was upgraded by equities researchers at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a $45.00 target price on the technology company’s stock, up from their previous target price of $33.00. Stephens’ price objective indicates a potential upside of 28.46% from the stock’s current price.

Several other analysts have also recently weighed in on VRNS. Citigroup boosted their price target on Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Rosenblatt Securities started coverage on shares of Varonis Systems in a research report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price on the stock. William Blair reissued a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Susquehanna upped their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. Finally, DA Davidson raised their price target on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.15.

Varonis Systems Stock Up 7.1%

Shares of VRNS opened at $35.03 on Wednesday. Varonis Systems has a 52 week low of $19.70 and a 52 week high of $63.90. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of -30.73 and a beta of 0.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day moving average of $29.47 and a 200-day moving average of $28.56.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The business had revenue of $173.13 million for the quarter, compared to analyst estimates of $165.52 million. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Varonis Systems will post -1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after buying an additional 822,925 shares during the last quarter. First Trust Advisors LP boosted its position in Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after acquiring an additional 1,279,002 shares during the last quarter. RGM Capital LLC grew its holdings in Varonis Systems by 17.1% during the 4th quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock worth $103,651,000 after acquiring an additional 460,580 shares during the period. Pictet Asset Management Holding SA grew its holdings in Varonis Systems by 43.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after acquiring an additional 944,676 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Varonis Systems by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock worth $92,943,000 after acquiring an additional 151,961 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

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.