Varonis Systems, Inc. $VRNS Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 15.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 326,153 shares of the technology company’s stock after buying an additional 42,786 shares during the period. Peregrine Capital Management LLC owned 0.28% of Varonis Systems worth $7,003,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Varonis Systems during the first quarter worth $233,000. Caxton Associates LLP acquired a new position in Varonis Systems in the 1st quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Varonis Systems by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after buying an additional 64,636 shares during the last quarter. Russell Investments Group Ltd. raised its position in Varonis Systems by 2.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after buying an additional 628 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Varonis Systems by 8.6% in the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after acquiring an additional 7,618 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $41.89 on Thursday. The firm’s fifty day simple moving average is $31.49 and its 200-day simple moving average is $28.90. 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 stock has a market cap of $4.81 billion, a PE ratio of -36.75 and a beta of 0.83. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. The business’s quarterly revenue was up 26.9% on a year-over-year basis. 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. Analysts expect that Varonis Systems, Inc. will post -1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $45.00 in a report on Wednesday, June 24th. William Blair restated a “market perform” rating on shares of Varonis Systems in a research report on Monday, March 23rd. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Varonis Systems in a report on Wednesday, June 24th. UBS Group boosted their target price on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $42.15.

Varonis Systems 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.