Varonis Systems (NASDAQ:VRNS) Given New $40.00 Price Target at Needham & Company LLC

Varonis Systems (NASDAQ:VRNS) had its price target lifted by Needham & Company LLC from $36.00 to $40.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 22.29% from the stock’s previous close.

VRNS has been the subject of several other research reports. Wedbush upped their price target on shares of Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Varonis Systems in a research note on Monday, May 4th. Rosenblatt Securities started coverage on Varonis Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price for the company. Royal Bank Of Canada lifted their price target on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $41.55.

Varonis Systems Trading Down 2.0%

VRNS opened at $32.71 on Tuesday. The firm’s fifty day moving average is $29.18 and its two-hundred day moving average is $28.54. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $3.76 billion, a PE ratio of -28.69 and a beta of 0.89. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company had revenue of $173.13 million during 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. Equities research analysts anticipate that Varonis Systems will post -1.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VRNS. Vanguard Group Inc. increased its holdings in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after buying an additional 822,925 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Varonis Systems by 40.6% during the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after buying an additional 1,279,002 shares in the last quarter. RGM Capital LLC raised its stake in Varonis Systems by 17.1% in the 4th quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock worth $103,651,000 after purchasing an additional 460,580 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Varonis Systems by 43.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after purchasing an additional 944,676 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Varonis Systems by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock valued at $92,943,000 after purchasing an additional 151,961 shares during the period. 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.