Varonis Systems’ (VRNS) Equal Weight Rating Reiterated at Barclays

Barclays reiterated their equal weight rating on shares of Varonis Systems (NASDAQ:VRNS) in a report published on Monday, Marketbeat.com reports. The brokerage currently has a $50.00 target price on the technology company’s stock.

A number of other research firms also recently commented on VRNS. B. Riley Financial downgraded Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. Wells Fargo & Company cut Varonis Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $49.75 in a research note on Friday, October 16th. Royal Bank Of Canada downgraded Varonis Systems from an “outperform” rating to a “neutral” rating in a report on Friday, October 16th. Truist Financial lowered Varonis Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Finally, DA Davidson reiterated a “neutral” rating and issued a $49.75 target price (down from $55.00) on shares of Varonis Systems in a research report on Friday, October 16th. Six research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.89.

Varonis Systems Stock Up 0.0%

NASDAQ VRNS opened at $48.69 on Monday. 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 $63.80. The company’s fifty day moving average price is $46.20 and its two-hundred day moving average price is $38.65.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $180.02 million during the quarter, compared to the consensus estimate of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts anticipate that Varonis Systems will post -0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VRNS. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 839 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Varonis Systems by 10,694.1% in the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after acquiring an additional 1,818 shares during the last quarter. Essential Partners LLC lifted its holdings in Varonis Systems by 72.5% in the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after acquiring an additional 863 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Varonis Systems in the second quarter valued at approximately $55,000. Finally, Parallel Advisors LLC boosted its stake in Varonis Systems by 1,025.4% in the first quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company’s stock valued at $71,000 after acquiring an additional 3,025 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Company Profile

Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.

The company’s products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.