Varonis Systems (NASDAQ:VRNS) Price Target Raised to $45.00

Varonis Systems (NASDAQ:VRNS) had its price target increased by research analysts at Citigroup from $30.00 to $45.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Citigroup’s price target suggests a potential upside of 13.52% from the stock’s previous close.

Other research analysts have also issued reports about the company. KeyCorp started coverage on Varonis Systems in a report on Tuesday, May 26th. They issued a “sector weight” rating for the company. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. Royal Bank Of Canada lifted their price objective on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Needham & Company LLC boosted their price objective on Varonis Systems from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $55.00 target price (up from $35.00) on shares of Varonis Systems in a research note on Friday, July 24th. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.05.

Varonis Systems Stock Down 2.5%

Varonis Systems stock traded down $1.01 during mid-day trading on Thursday, reaching $39.64. 1,274,067 shares of the company’s stock were exchanged, compared to its average volume of 2,690,351. The company has a market cap of $4.55 billion, a P/E ratio of -32.19 and a beta of 0.83. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.90. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average of $38.83 and a 200-day moving average of $30.60.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 18.24%. The company had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. During the same quarter last year, the company posted $0.03 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. 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. Sell-side analysts expect that Varonis Systems will post -1.05 EPS for the current year.

Institutional Trading of Varonis Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNS. EverSource Wealth Advisors LLC raised its stake in Varonis Systems by 161.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after buying an additional 839 shares in the last quarter. Signaturefd LLC boosted its position in shares of Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after acquiring an additional 322 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Varonis Systems in the 4th quarter valued at about $37,000. Fifth Third Bancorp increased its holdings in shares of Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Essential Partners LLC raised its position in shares of Varonis Systems by 72.5% during the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after acquiring an additional 863 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Varonis Systems

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

• Positive Sentiment: Varonis exceeded expectations in Q2, reporting adjusted EPS of $0.04 versus the $0.01 consensus estimate and revenue of $180.0 million versus expectations of $176.8 million. Revenue increased 18.3% year over year. Varonis Announces Second Quarter 2026 Financial Results
• Positive Sentiment: SaaS momentum remains the primary growth catalyst: total SaaS annual recurring revenue reached $726.0 million, up 52% year over year, while SaaS ARR excluding conversions rose 25%. Management also cited increasing demand for AI security and momentum in Atlas, Interceptor and Database Activity Monitoring. Varonis raises SaaS ARR outlook
• Positive Sentiment: Varonis raised its 2026 outlook, projecting $105 million-$110 million in free cash flow and EPS of $0.14-$0.15, well above the prior consensus expectation for a loss. Third-quarter EPS guidance of $0.02-$0.03 also exceeded consensus expectations.
• Positive Sentiment: Analyst sentiment improved after the report. Piper Sandler raised its price target to $58, Susquehanna to $55, TD Cowen to $53, Needham to $50, and JPMorgan to $55. Several firms maintained positive or overweight ratings. JPMorgan raises Varonis price target
• Neutral Sentiment: Brokerages collectively assign VRNS a “Moderate Buy” consensus rating, indicating broad support but not unanimous bullishness. Varonis receives Moderate Buy consensus
• Negative Sentiment: Profitability remains a concern: Varonis continues to report a negative net margin and negative return on equity. Barclays trimmed its target to $50, while Baird maintained a neutral rating, suggesting some analysts believe expectations may already be high.

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.