Varonis Systems (NASDAQ:VRNS) Price Target Raised to $30.00

Varonis Systems (NASDAQ:VRNS) had its target price lifted by research analysts at Citigroup from $28.00 to $30.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 14.09% from the company’s current price.

VRNS has been the topic of a number of other research reports. Morgan Stanley reissued an “equal weight” rating and issued a $41.00 price target (down from $44.00) on shares of Varonis Systems in a report on Monday, January 26th. Stephens increased their price target on shares of Varonis Systems from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday. Barclays increased their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday. Susquehanna increased their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday. Finally, Needham & Company LLC increased their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.42.

Varonis Systems Price Performance

NASDAQ VRNS traded down $1.00 on Thursday, hitting $26.30. The stock had a trading volume of 2,755,402 shares, compared to its average volume of 3,002,140. Varonis Systems has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -23.06 and a beta of 0.68. The firm has a 50-day moving average of $23.35 and a 200-day moving average of $31.51.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative net margin of 20.74% and a negative return on equity of 22.95%. Varonis Systems’s quarterly revenue 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. Equities analysts expect that Varonis Systems will post -0.99 EPS for the current year.

Insider Buying and Selling

In other news, Director Avrohom J. Kess purchased 17,800 shares of the business’s stock in a transaction on Friday, February 6th. The shares were acquired at an average price of $22.29 per share, with a total value of $396,762.00. Following the acquisition, the director directly owned 49,403 shares in the company, valued at approximately $1,101,192.87. The trade was a 56.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John J. Gavin, Jr. purchased 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $22.54 per share, for a total transaction of $112,700.00. Following the acquisition, the director owned 273,666 shares in the company, valued at approximately $6,168,431.64. The trade was a 1.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 25,780 shares of company stock valued at $579,403 over the last three months. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Varonis Systems

A number of large investors have recently added to or reduced their stakes in VRNS. Jacobs Levy Equity Management Inc. bought a new stake in Varonis Systems in the 4th quarter worth $48,263,000. First Trust Advisors LP grew its holdings in Varonis Systems by 40.6% in the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Varonis Systems by 99.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after acquiring an additional 1,084,267 shares during the last quarter. Norges Bank bought a new stake in Varonis Systems in the 4th quarter worth $28,811,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in 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 worth $78,159,000 after acquiring an additional 850,000 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems News Summary

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

• Positive Sentiment: Q1 results beat expectations and management raised full‑year guidance — Varonis reported $173.1M revenue and $0.06 EPS (vs. consensus revenue and a negative EPS estimate), and issued FY26 guidance above Street estimates (EPS 0.110–0.120; revenue $731–737M). This underpins the optimism driving analyst upgrades. Press Release
• Positive Sentiment: SaaS transition and product traction — Management says the SaaS transition is largely complete, SaaS ARR (ex conversions) grew ~29% y/y, total SaaS ARR jumped materially, and new offerings (Atlas, Interceptor) are showing early customer wins — all supportive of accelerating topline and better long‑term margins. SA: Potential For Topline Growth To Accelerate
• Positive Sentiment: Broad analyst upgrades and higher price targets — Multiple firms raised ratings/targets after Q1 (JPMorgan, UBS, DA Davidson, RBC, Wedbush, Wells Fargo, Barclays, Needham, Susquehanna, etc.), signaling consensus that the beat + guidance materially improves the story. Benzinga: Analyst Changes
• Neutral Sentiment: Full disclosure and detail now available — The earnings slide deck and call transcript are posted for deeper diligence on conversion assumptions, ARR math and product cadence. Investors should review these to validate the sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Shareholder litigation inquiry — Kuehn Law announced an investigation into whether Varonis insiders misled investors about the company’s ability to convert existing customers to SaaS, alleging potential misstatements on conversion capability and near‑term ARR outlook; this raises execution and legal risk that could pressure the stock. PR Newswire: Kuehn Law Investigation

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.