Varonis Systems, Inc. (NASDAQ:VRNS) Short Interest Up 21.4% in April

Varonis Systems, Inc. (NASDAQ:VRNS) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 8,292,783 shares, an increase of 21.4% from the March 31st total of 6,830,329 shares. Based on an average trading volume of 2,289,639 shares, the days-to-cover ratio is presently 3.6 days. Approximately 7.4% of the company’s shares are sold short.

Insider Activity at Varonis Systems

In other Varonis Systems news, EVP David Bass acquired 2,980 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was bought at an average price of $23.47 per share, for a total transaction of $69,940.60. Following the acquisition, the executive vice president directly owned 1,042,924 shares in the company, valued at $24,477,426.28. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Avrohom J. Kess acquired 17,800 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average price of $22.29 per share, with a total value of $396,762.00. Following the acquisition, the director owned 49,403 shares in the company, valued at $1,101,192.87. This trade represents a 56.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 25,780 shares of company stock worth $579,403 in the last quarter. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Varonis Systems by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after acquiring an additional 822,925 shares in the last quarter. First Trust Advisors LP raised its position in shares of Varonis Systems by 40.6% in the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock worth $145,214,000 after acquiring an additional 1,279,002 shares in the last quarter. RGM Capital LLC raised its position in shares of 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 acquiring an additional 460,580 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of 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 acquiring an additional 944,676 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of 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 worth $92,943,000 after acquiring an additional 151,961 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Varonis Systems Trading Down 3.6%

Shares of NASDAQ VRNS opened at $26.30 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $23.37 and a two-hundred day simple moving average of $31.48. The firm has a market cap of $3.02 billion, a PE ratio of -23.07 and a beta of 0.68. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. Varonis Systems had a negative return on equity of 19.67% and a negative net margin of 19.75%.The firm’s revenue for the quarter 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 will post -0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRNS has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday. William Blair restated a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Wells Fargo & Company lifted their target price on Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group lifted their target price on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and a consensus target price of $41.42.

Trending Headlines about Varonis Systems

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

• Positive Sentiment: Q1 results beat and guidance lift: Varonis reported Q1 revenue and EPS above Street expectations, showed strong SaaS momentum (SaaS ARR excluding conversions up ~29% y/y) and raised its total SaaS ARR outlook for FY26, supporting a clearer SaaS-driven growth trajectory. VRNS Q1 Earnings Surpass Expectations, Revenues Increase Y/Y
• Positive Sentiment: Broad analyst re-ratings and higher price targets: Several firms (JPMorgan, UBS, DA Davidson, RBC, Wedbush, Wells Fargo, Needham, etc.) raised price targets — some materially — reflecting confidence that SaaS conversion and AI/security demand will drive upside. That analyst momentum can underpin further upward revisions. These Analysts Increase Their Forecasts On Varonis Systems Following Q1 Results
• Positive Sentiment: Product/AI tailwinds and SaaS transition story: Commentary and deep-dive coverage highlight accelerating adoption of AI/security features (Atlas, Interceptor) and that the company has largely completed its SaaS transition — a structural positive for recurring revenue and margin improvement. Varonis Systems: Potential For Topline Growth To Accelerate
• Neutral Sentiment: Citi raised its price target but retained a neutral rating, signaling some analyst caution on valuation or execution even as targets rise. (Readouts aggregated in market coverage.)
• Neutral Sentiment: Mixed analyst perspectives: Coverage notes a split in analyst views — some are bullish on ARR acceleration and product traction, others remain cautious about customer conversion and near-term ARR visibility. Analysts Conflicted on These Technology Names
• Negative Sentiment: Shareholder litigation / investigation: A law firm is investigating whether Varonis misrepresented its ability to convert customers to SaaS, alleging potential disclosure failures that could lead to litigation or reputational/legal costs — a clear near-term headline risk. Kuehn Law Encourages Investors of Varonis Systems, Inc. to Contact Law Firm

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.