Needham & Company LLC Forecasts Strong Price Appreciation for Varonis Systems (NASDAQ:VRNS) Stock

Varonis Systems (NASDAQ:VRNS) had its price target hoisted by Needham & Company LLC from $50.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 20.99% from the company’s previous close.

Several other analysts also recently commented on VRNS. Piper Sandler raised their price objective on shares of Varonis Systems from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Barclays reduced their price target on shares of Varonis Systems from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. B. Riley Financial increased their price objective on shares of Varonis Systems from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Stephens upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $33.00 to $45.00 in a research note on Wednesday, June 24th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Varonis Systems currently has an average rating of “Moderate Buy” and a consensus price target of $49.32.

Varonis Systems Stock Performance

VRNS stock opened at $45.46 on Wednesday. The firm has a market cap of $5.22 billion, a PE ratio of -36.96 and a beta of 0.82. 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 stock has a 50-day moving average price of $44.05 and a 200-day moving average price of $33.29. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its 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 return on equity of 19.18% and a negative net margin of 20.55%.The company had revenue of $180.02 million for the quarter, compared to analyst estimates of $176.83 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Varonis Systems will post -0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after purchasing an additional 839 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Varonis Systems during the 4th quarter worth $37,000. Fifth Third Bancorp boosted 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 worth $39,000 after buying an additional 1,818 shares during the last quarter. Essential Partners LLC grew its position in Varonis Systems by 72.5% during the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after buying an additional 863 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Varonis Systems during the second quarter valued at about $55,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Company Profile

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.