Varonis Systems (NASDAQ:VRNS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Varonis Systems (NASDAQ:VRNS) had its target price hoisted by stock analysts at Wells Fargo & Company from $48.00 to $53.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.55% from the stock’s current price.

A number of other analysts also recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $46.00 price target on shares of Varonis Systems in a research report on Friday, September 11th. Truist Financial boosted their price objective on shares of Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Robert W. Baird increased their target price on shares of Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Piper Sandler increased their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.11.

Varonis Systems Trading Up 0.1%

Shares of NASDAQ:VRNS traded up $0.03 during trading on Thursday, hitting $47.09. The company had a trading volume of 170,286 shares, compared to its average volume of 2,401,695. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -38.54 and a beta of 0.77. Varonis Systems has a one year low of $19.70 and a one year high of $63.80. The company has a fifty day simple moving average of $45.61 and a two-hundred day simple moving average of $37.70. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million during 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 quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. 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. As a group, equities analysts forecast that Varonis Systems will post -0.95 earnings per share for the current year.

Institutional Investors Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently modified their holdings of VRNS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $55,000. EverSource Wealth Advisors LLC boosted its holdings in Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after acquiring an additional 839 shares during the period. Harbor Investment Advisory LLC bought a new position in Varonis Systems in the 2nd quarter valued at $71,000. Fifth Third Bancorp grew its position in Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Essential Partners LLC grew its position in Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after acquiring an additional 863 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.