Varonis Systems’ (VRNS) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Varonis Systems (NASDAQ:VRNS) in a report published on Friday, Marketbeat Ratings reports. Wedbush currently has a $46.00 price target on the technology company’s stock.

A number of other analysts also recently issued reports on VRNS. KeyCorp began coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They set a “sector weight” rating for the company. Piper Sandler upped their price objective on Varonis Systems from $47.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company increased their price objective on Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Truist Financial increased their price objective on Varonis Systems from $34.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird raised their target price on Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.79.

Varonis Systems Stock Performance

Varonis Systems stock opened at $45.12 on Friday. 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 $63.90. The stock’s 50 day simple moving average is $44.24 and its two-hundred day simple moving average is $33.76. The firm has a market cap of $5.18 billion, a PE ratio of -36.68 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The firm had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. During the same period last year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 18.3% on a year-over-year basis. 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. Analysts anticipate that Varonis Systems will post -0.96 earnings per share for the current year.

Institutional Investors Weigh In On Varonis Systems

Several institutional investors have recently added to or reduced their stakes in VRNS. Empowered Funds LLC purchased a new stake in Varonis Systems in the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd purchased a new position in Varonis Systems during the 3rd quarter worth $68,000. EverSource Wealth Advisors LLC grew its position 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 worth $62,000 after purchasing an additional 940 shares during the last quarter. Advisory Services Network LLC acquired a new position in Varonis Systems in the third quarter valued at $75,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Varonis Systems in the second quarter valued at $55,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc (NASDAQ:VRNS) is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.