B. Riley Financial Forecasts Strong Price Appreciation for Varonis Systems (NASDAQ:VRNS) Stock

Varonis Systems (NASDAQ:VRNS) had its price objective increased by analysts at B. Riley Financial from $45.00 to $55.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price objective points to a potential upside of 19.83% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC raised their target price on Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities assumed coverage on Varonis Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price target for the company. Royal Bank Of Canada increased their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. UBS Group raised their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on shares of Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.42.

Varonis Systems Stock Up 2.5%

Shares of Varonis Systems stock traded up $1.12 during trading on Friday, hitting $45.90. 527,601 shares of the stock were exchanged, compared to its average volume of 2,672,360. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of -40.36 and a beta of 0.83. The firm’s 50-day moving average price is $37.64 and its 200 day moving average price is $30.31. Varonis Systems has a 12-month low of $19.70 and a 12-month high of $63.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $173.13 million for the quarter, compared to analyst estimates of $165.52 million. The company’s revenue for the quarter 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, analysts forecast that Varonis Systems will post -1.05 earnings per share for the current fiscal year.

Institutional Trading of Varonis Systems

A number of large investors have recently bought and sold shares of VRNS. EverSource Wealth Advisors LLC grew its position in Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after purchasing an additional 839 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after buying an additional 322 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Varonis Systems during the fourth quarter worth about $37,000. Fifth Third Bancorp boosted its stake in shares of Varonis Systems by 10,694.1% during the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after buying an additional 1,818 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

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.