Varonis Systems (NASDAQ:VRNS) Stock Dropped to “Hold” by Wolfe Research

Wolfe Research lowered shares of Varonis Systems (NASDAQ:VRNS) from a strong-buy rating to a hold rating in a report released on Wednesday,Zacks reports.

A number of other analysts also recently issued reports on VRNS. New Street Research restated a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Barclays reiterated an “equal weight” rating and set a $50.00 price objective on shares of Varonis Systems in a research report on Monday. Truist Financial downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. UBS Group increased their target price on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Needham & Company LLC lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a report on Friday, October 16th. Six investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.89.

Varonis Systems Trading Up 0.0%

Shares of VRNS stock opened at $48.69 on Wednesday. Varonis Systems has a 1 year low of $19.70 and a 1 year high of $63.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The stock’s 50 day simple moving average is $46.20 and its two-hundred day simple moving average is $38.65. The company has a market cap of $5.59 billion, a PE ratio of -39.59 and a beta of 0.77.

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

Hedge Funds Weigh In On Varonis Systems

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Varonis Systems by 161.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after purchasing an additional 839 shares during the period. Fifth Third Bancorp lifted its position in shares of Varonis Systems by 10,694.1% during the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,818 shares during the last quarter. Essential Partners LLC lifted its position in shares of Varonis Systems by 72.5% during the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after purchasing an additional 863 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Varonis Systems during the second quarter valued at $55,000. Finally, Parallel Advisors LLC boosted its stake in shares of Varonis Systems by 1,025.4% during the first quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company’s stock valued at $71,000 after purchasing an additional 3,025 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

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.