Varonis Systems (NASDAQ:VRNS) Stock Rating Reaffirmed as Equal Weight by Barclays

Varonis Systems (NASDAQ:VRNS)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $50.00 target price on the technology company’s stock. Barclays‘s price target indicates a potential upside of 2.69% from the company’s current price.

VRNS has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Citigroup lifted their price objective on shares of Varonis Systems from $45.00 to $49.75 and gave the stock a “neutral” rating in a research report on Friday, October 16th. UBS Group lifted their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lowered shares of Varonis Systems from an “outperform” rating to a “neutral” rating in a research report on Friday, October 16th. Six investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Varonis Systems currently has a consensus rating of “Hold” and a consensus price target of $50.89.

Varonis Systems Stock Up 0.0%

Varonis Systems stock opened at $48.69 on Monday. Varonis Systems has a fifty-two week low of $19.70 and a fifty-two week high of $63.80. The stock has a market cap of $5.59 billion, a PE ratio of -39.59 and a beta of 0.77. The firm’s 50-day simple moving average is $46.20 and its 200 day simple moving average is $38.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65.

Varonis Systems (NASDAQ:VRNS) last released its quarterly 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 business had revenue of $180.02 million for the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. 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. Research analysts predict that Varonis Systems will post -0.95 EPS for the current fiscal year.

Institutional Trading of Varonis Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Varonis Systems in the second quarter valued at approximately $55,000. EverSource Wealth Advisors LLC raised its position in shares of Varonis Systems by 161.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after purchasing an additional 839 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Varonis Systems in the second quarter valued at approximately $71,000. Fifth Third Bancorp raised its position in shares of Varonis Systems by 10,694.1% in the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,818 shares during the period. Finally, Essential Partners LLC raised its position in shares of Varonis Systems by 72.5% in the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after purchasing an additional 863 shares during the period. Institutional investors own 95.65% of the company’s stock.

About Varonis Systems

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.