Varonis Systems (NASDAQ:VRNS) Upgraded to “Hold” at Wedbush

Wedbush upgraded shares of Varonis Systems (NASDAQ:VRNS) to a hold rating in a report issued on Thursday,Zacks reports.

A number of other research analysts have also recently issued reports on the stock. Barclays decreased their price objective 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. Piper Sandler increased their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. KeyCorp began coverage on shares of Varonis Systems in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. Wells Fargo & Company boosted their price target on shares of Varonis Systems from $35.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $55.00 price objective on shares of Varonis Systems in a research report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.79.

Varonis Systems Trading Down 0.8%

NASDAQ VRNS opened at $45.12 on Thursday. The stock has a 50-day simple moving average of $44.24 and a 200 day simple moving average of $33.67. The company has a market capitalization of $5.18 billion, a PE ratio of -36.68 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. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. 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. Research analysts forecast that Varonis Systems will post -0.97 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in Varonis Systems in the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Varonis Systems during the third quarter worth about $68,000. EverSource Wealth Advisors LLC grew its holdings in shares of Varonis Systems by 344.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock worth $62,000 after buying an additional 940 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Varonis Systems during the third quarter worth about $75,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Varonis Systems in the 2nd quarter valued at approximately $55,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.