Wells Fargo & Company Increases Varonis Systems (NASDAQ:VRNS) Price Target to $50.00

Varonis Systems (NASDAQ:VRNS) had its price target lifted by investment analysts at Wells Fargo & Company from $35.00 to $50.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 8.27% from the stock’s current price.

Several other brokerages have also recently commented on VRNS. Susquehanna lifted their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. DA Davidson raised their target price on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup boosted their target price on shares of Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. William Blair reaffirmed a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Finally, Needham & Company LLC increased their price target on Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.90.

Varonis Systems Stock Down 2.7%

Shares of VRNS stock opened at $46.18 on Monday. Varonis Systems has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The firm has a market capitalization of $5.30 billion, a PE ratio of -40.51 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The stock’s 50-day simple moving average is $36.92 and its 200-day simple moving average is $30.14.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. 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. Equities analysts expect that Varonis Systems will post -1.05 earnings per share for the current year.

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in Varonis Systems during the fourth quarter worth $2,784,000. Vanguard Group Inc. increased its holdings in Varonis Systems by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after buying an additional 822,925 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Varonis Systems by 127.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 732,189 shares of the technology company’s stock worth $24,016,000 after acquiring an additional 409,966 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Varonis Systems by 63.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 270,606 shares of the technology company’s stock worth $8,876,000 after acquiring an additional 105,378 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Varonis Systems by 492.1% during the 4th quarter. SG Americas Securities LLC now owns 145,014 shares of the technology company’s stock worth $4,756,000 after acquiring an additional 120,523 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

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.