Varonis Systems (NASDAQ:VRNS) Stock Price Expected to Rise, Truist Financial Analyst Says

Varonis Systems (NASDAQ:VRNS) had its target price lifted by investment analysts at Truist Financial from $34.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial’s price objective indicates a potential upside of 14.71% from the stock’s current price.

A number of other research analysts also recently issued reports on VRNS. DA Davidson lifted their price target on Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada increased their price target on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wedbush reissued an “outperform” rating and issued a $37.00 price target on shares of Varonis Systems in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on Varonis Systems from $35.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Susquehanna upped their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.90.

Varonis Systems Price Performance

VRNS stock opened at $45.33 on Tuesday. The stock has a market cap of $5.20 billion, a PE ratio of -39.76 and a beta of 0.83. The company has a 50-day moving average price of $37.28 and a 200 day moving average price of $30.22. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $165.52 million. The business’s quarterly revenue 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 research analysts anticipate that Varonis Systems will post -1.05 earnings per share for the current year.

Institutional Trading of Varonis Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Varonis Systems by 161.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after acquiring an additional 839 shares during the period. Signaturefd LLC grew its position in shares of Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares during the period. Empowered Funds LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at about $37,000. Fifth Third Bancorp increased its stake 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 in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after purchasing an additional 463 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

About Varonis Systems

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.