Varonis Systems (NASDAQ:VRNS) Stock Rating Lowered by Wolfe Research

Varonis Systems (NASDAQ:VRNS) was downgraded by equities research analysts at Wolfe Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks reports.

VRNS has been the subject of a number of other research reports. Piper Sandler reiterated a “neutral” rating and set a $49.75 price objective (down from $58.00) on shares of Varonis Systems in a research report on Friday, October 16th. Rosenblatt Securities downgraded Varonis Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $49.75 in a report on Friday, October 16th. Weiss Ratings cut Varonis Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. New Street Research reissued a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Finally, Susquehanna boosted their price target on Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Varonis Systems presently has a consensus rating of “Hold” and an average target price of $50.89.

Varonis Systems Stock Up 0.0%

Shares of VRNS opened at $48.69 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $46.20 and a two-hundred day simple moving average of $38.65. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.80.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. 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 research analysts expect that Varonis Systems will post -0.95 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its position in shares of Varonis Systems by 59.0% during the 1st quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company’s stock valued at $1,650,000 after buying an additional 28,512 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Varonis Systems by 218.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after acquiring an additional 966,817 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Varonis Systems by 17.1% during the 1st quarter. Bank of New York Mellon Corp now owns 552,203 shares of the technology company’s stock valued at $11,856,000 after acquiring an additional 80,743 shares during the period. California State Teachers Retirement System increased its holdings in Varonis Systems by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 132,215 shares of the technology company’s stock worth $2,839,000 after acquiring an additional 24,775 shares in the last quarter. Finally, Trillium Asset Management LLC purchased a new stake in Varonis Systems in the 2nd quarter worth approximately $3,477,000. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.

The company’s products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.