UBS Group Forecasts Strong Price Appreciation for Varonis Systems (NASDAQ:VRNS) Stock

Varonis Systems (NASDAQ:VRNS) had its price objective raised by UBS Group from $37.00 to $58.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective would indicate a potential upside of 26.76% from the stock’s current price.

Several other research firms have also issued reports on VRNS. KeyCorp assumed coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They set a “sector weight” rating for the company. JPMorgan Chase & Co. lifted their price objective on Varonis Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada boosted their target price on Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their target price on Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, William Blair restated a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.90.

Varonis Systems Stock Down 3.6%

Shares of NASDAQ:VRNS traded down $1.70 during midday trading on Tuesday, reaching $45.75. The company’s stock had a trading volume of 763,775 shares, compared to its average volume of 2,702,798. 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 firm has a 50 day moving average of $36.55 and a 200-day moving average of $30.04. The firm has a market capitalization of $5.25 billion, a P/E ratio of -40.16 and a beta of 0.83. 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 quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems’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. On average, research analysts anticipate that Varonis Systems will post -1.05 earnings per share for the current year.

Institutional Trading of Varonis Systems

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after purchasing an additional 463 shares during the last quarter. Signaturefd LLC increased its holdings in Varonis Systems by 47.8% in the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after buying an additional 322 shares in the last quarter. Empowered Funds LLC purchased a new position in Varonis Systems in the 4th quarter worth about $37,000. Harvest Fund Management Co. Ltd purchased a new position in Varonis Systems in the 3rd quarter worth about $68,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Varonis Systems by 344.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock valued at $62,000 after acquiring an additional 940 shares during the period. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Company 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.