UBS Group Increases Varonis Systems (NASDAQ:VRNS) Price Target to $58.00

Varonis Systems (NASDAQ:VRNS) had its target price hoisted by equities research analysts at UBS Group from $37.00 to $58.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective indicates a potential upside of 27.95% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Citigroup lifted their target price on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. William Blair reiterated a “market perform” rating on shares of Varonis Systems in a report on Monday, March 23rd. Truist Financial raised their target price on shares of Varonis Systems from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, KeyCorp started coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.90.

Varonis Systems Price Performance

NASDAQ VRNS opened at $45.33 on Tuesday. The business’s fifty day moving average price is $37.28 and its 200-day moving average price is $30.22. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of -39.76 and a beta of 0.83. Varonis Systems has a 1-year low of $19.70 and a 1-year high of $63.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69.

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. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. The business’s revenue was up 26.9% on a year-over-year basis. 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. On average, equities analysts predict that Varonis Systems will post -1.05 earnings per share for the current year.

Institutional Investors Weigh In On Varonis Systems

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after acquiring an additional 463 shares in the last quarter. Signaturefd LLC raised its position in Varonis Systems by 47.8% during the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after buying an additional 322 shares during the period. Empowered Funds LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Varonis Systems during the 3rd quarter valued at $68,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Varonis Systems by 344.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company’s stock valued at $62,000 after purchasing an additional 940 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.