Wedbush Reiterates Outperform Rating for Varonis Systems (NASDAQ:VRNS)

Varonis Systems (NASDAQ:VRNS)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a research note issued on Wednesday,Benzinga reports. They presently have a $37.00 target price on the technology company’s stock. Wedbush’s target price points to a potential upside of 3.55% from the company’s previous close.

Several other analysts have also recently commented on VRNS. Weiss Ratings reissued a “sell (e+)” rating on shares of Varonis Systems in a research note on Monday, May 4th. KeyCorp started coverage on Varonis Systems in a report on Tuesday, May 26th. They set a “sector weight” rating on the stock. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $45.00 in a research note on Wednesday. William Blair reissued a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Finally, Barclays raised their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $42.15.

Varonis Systems Stock Performance

Varonis Systems stock opened at $35.73 on Wednesday. The stock has a 50-day simple moving average of $29.47 and a 200 day simple moving average of $28.56. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -31.68 and a beta of 0.89. 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 has a 12-month low of $19.70 and a 12-month high of $63.90.

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

Institutional Investors Weigh In On Varonis Systems

A number of institutional investors have recently made changes to their positions in VRNS. Jacobs Levy Equity Management Inc. bought a new position in shares of Varonis Systems during the 4th quarter worth approximately $48,263,000. First Trust Advisors LP increased its stake in shares of Varonis Systems by 40.6% in the 4th 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 in the last quarter. Senvest Management LLC lifted its position in shares of Varonis Systems by 406.1% during the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock valued at $31,109,000 after acquiring an additional 1,162,651 shares during the period. Pictet Asset Management Holding SA boosted its stake in Varonis Systems by 99.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after acquiring an additional 1,084,267 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Varonis Systems by 218.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock worth $30,262,000 after acquiring an additional 966,817 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

More Varonis Systems News

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Varonis is reportedly evaluating a potential sale after receiving takeover interest from firms including Blackstone, Thoma Bravo, and Vista Equity Partners, which has boosted investor enthusiasm for a possible premium offer. Varonis Systems weighs sale as private equity giants circle: reports
• Positive Sentiment: Stephens upgraded VRNS from “equal weight” to “overweight” and raised its price target to $45 from $33, signaling improved confidence in upside from current levels. Stephens upgrades Varonis Systems
• Positive Sentiment: Needham also raised its price target to $40 from $36 and reiterated a buy rating, adding to the bullish analyst momentum around the name. Needham raises Varonis Systems price target
• Positive Sentiment: Unusual options activity showed heavy call buying, suggesting traders are positioning for additional near-term gains. Unusual options trading activity
• Positive Sentiment: Zacks noted the stock’s strong move on above-average volume and pointed to rising earnings estimate revisions as a factor that could support further upside. Zacks article on Varonis

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.