Varonis Systems (NASDAQ:VRNS) Upgraded to “Overweight” at Piper Sandler

Varonis Systems (NASDAQ:VRNS) was upgraded by equities research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday. The brokerage presently has a $47.00 target price on the technology company’s stock. Piper Sandler’s target price suggests a potential upside of 46.69% from the stock’s current price.

VRNS has been the subject of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $70.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Royal Bank Of Canada reduced their price objective on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Needham & Company LLC lowered their target price on shares of Varonis Systems from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, Citigroup dropped their price objective on Varonis Systems from $58.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.90.

Varonis Systems Stock Down 2.3%

Varonis Systems stock opened at $32.04 on Monday. Varonis Systems has a one year low of $30.02 and a one year high of $63.90. The stock has a fifty day moving average of $34.37 and a 200 day moving average of $48.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $3.78 billion, a PE ratio of -31.41 and a beta of 0.56.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The business had revenue of $161.58 million during the quarter, compared to the consensus estimate of $166.47 million. During the same period in the previous year, the company posted $0.10 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, sell-side analysts predict that Varonis Systems will post -0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VRNS. Norges Bank bought a new stake in Varonis Systems in the second quarter worth $65,161,000. Voya Investment Management LLC raised its position in shares of Varonis Systems by 98.6% during the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after buying an additional 1,152,687 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Varonis Systems by 166.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock valued at $78,159,000 after acquiring an additional 850,000 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Varonis Systems by 26.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock worth $165,231,000 after acquiring an additional 848,408 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Varonis Systems by 319.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after acquiring an additional 740,114 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

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.