Truist Financial Cuts Varonis Systems (NASDAQ:VRNS) Price Target to $34.00

Varonis Systems (NASDAQ:VRNS) had its price objective decreased by investment analysts at Truist Financial from $42.00 to $34.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s price target points to a potential upside of 28.16% from the stock’s current price.

A number of other equities analysts also recently commented on VRNS. Royal Bank Of Canada dropped their target price on Varonis Systems from $60.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Robert W. Baird cut Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Susquehanna dropped their price target on shares of Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, October 29th. Finally, TD Cowen raised their price objective on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Fifteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.45.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $26.53 on Wednesday. The business has a 50-day simple moving average of $32.99 and a 200-day simple moving average of $45.77. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems has a one year low of $25.03 and a one year high of $63.90. The company has a market cap of $3.13 billion, a PE ratio of -26.01 and a beta of 0.58.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 21.91%. The firm had revenue of $173.37 million for the quarter, compared to analysts’ expectations of $168.66 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. On average, equities research analysts forecast that Varonis Systems will post -0.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

A number of institutional investors have recently modified their holdings of VRNS. Bessemer Group Inc. boosted its stake in Varonis Systems by 179.1% during the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after purchasing an additional 317 shares during the period. Allworth Financial LP increased its position in Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after acquiring an additional 463 shares during the period. Neo Ivy Capital Management purchased a new stake in Varonis Systems during the 3rd quarter valued at approximately $42,000. First Horizon Corp acquired a new stake in Varonis Systems during the 3rd quarter worth approximately $45,000. Finally, Westside Investment Management Inc. grew its stake in shares of Varonis Systems by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock valued at $49,000 after purchasing an additional 422 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems News Roundup

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

• Positive Sentiment: Q4 beat on revenue and EPS; ARR and cash flow improved — Varonis reported $173.4M revenue (+9.4% YoY) and $0.08 EPS, topping consensus, with annual recurring revenue and SaaS ARR growth and stronger operating cash flow and free cash flow year‑to‑date. Varonis Announces Q4 and FY2025 Results
• Positive Sentiment: FY‑2026 guidance raised — management set FY‑2026 EPS guidance of $0.06–$0.10 and revenue $722M–$730M, above consensus revenue and materially better on EPS compared with street expectations for a loss, signaling expected margin recovery next year.
• Positive Sentiment: Strategic AI acquisition — Varonis is acquiring AllTrue.ai to add AI TRiSM capabilities, enhancing its ability to secure and monitor AI systems and strengthen its data‑security positioning as customers adopt AI. Varonis to Acquire AllTrue.ai
• Neutral Sentiment: Q1 2026 guidance still negative — management guided Q1 EPS to -$0.060 to -$0.050 and revenue $164M–$166M (about in line with consensus), indicating a near‑term earnings drag as the business completes the SaaS transition.
• Neutral Sentiment: Full earnings disclosure and call available — the transcript and slide deck provide detail on customer conversion cadence and margin plans; investors should review management commentary for cadence on SaaS conversions and subscription mix. Earnings Call Transcript
• Negative Sentiment: Multiple securities‑class action notices — several law firms and investor alerts announced potential suits alleging misleading statements about the SaaS transition (lead plaintiff deadline March 9), increasing legal risk and investor uncertainty. Shareholder Lawsuit Notice (PR Newswire)
• Negative Sentiment: Market reaction muted/negative despite beat — coverage notes the stock dipped after results, reflecting investor focus on legal overhang and the near‑term negative EPS guide even as FY outlook improved. Varonis Dipped Despite Strong Earnings

About Varonis Systems

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.