Varonis Systems (NASDAQ:VRNS) Receives Neutral Rating from Wedbush

Key Points

• Wedbush reaffirmed its neutral rating on Varonis Systems and maintained a $46 price target, implying approximately 1.1% upside from the stock’s $45.50 opening price.
• Analyst sentiment remains broadly positive: 16 analysts rate the stock Buy, seven Hold and one Sell, resulting in a consensus “Moderate Buy” rating and a $49.79 average target price.
• Varonis exceeded quarterly expectations, reporting $0.04 earnings per share versus a $0.01 estimate and $180.02 million in revenue, up 18.3% year over year. Institutional investors own 95.65% of the company’s shares.

Varonis Systems (NASDAQ:VRNS - Get Free Report)'s stock had its "neutral" rating reaffirmed by Wedbush in a report released on Friday, Benzinga reports. They currently have a $46.00 price target on the technology company's stock. Wedbush's price target points to a potential upside of 1.10% from the stock's current price.

VRNS has been the topic of a number of other research reports. TD Cowen increased their price target on Varonis Systems from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Susquehanna increased their price target on shares of Varonis Systems from $36.00 to $55.00 and gave the company a "positive" rating in a research report on Wednesday, July 29th. Needham & Company LLC increased their target price on shares of Varonis Systems from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday. Piper Sandler upped their price objective on shares of Varonis Systems from $47.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Citigroup increased their price target on Varonis Systems from $30.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.79.

Varonis Systems Price Performance

NASDAQ:VRNS opened at $45.50 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The firm has a market cap of $5.23 billion, a PE ratio of -36.99 and a beta of 0.82. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90. The company's 50-day moving average price is $44.19 and its two-hundred day moving average price is $33.59.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $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. On average, equities analysts anticipate that Varonis Systems will post -0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

A number of institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in Varonis Systems by 4,095.8% during the second quarter. California State Teachers Retirement System now owns 5,547,532 shares of the technology company's stock worth $232,774,000 after buying an additional 5,415,317 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Varonis Systems by 40.6% during the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company's stock worth $145,214,000 after acquiring an additional 1,279,002 shares during the period. RGM Capital LLC boosted its position in shares of Varonis Systems by 17.1% during the 4th quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company's stock worth $103,651,000 after acquiring an additional 460,580 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Varonis Systems by 43.4% in the first quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company's stock valued at $67,029,000 after acquiring an additional 944,676 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Varonis Systems by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company's stock valued at $92,943,000 after acquiring an additional 151,961 shares during the last quarter. Institutional investors own 95.65% of the company's stock.

About Varonis Systems

Varonis Systems, Inc NASDAQ: VRNS is a cybersecurity company that helps organizations protect and manage their data. Its platform focuses on securing sensitive information stored across cloud environments, software-as-a-service applications, data centers and other enterprise systems.

The Varonis Data Security Platform provides capabilities for data discovery and classification, access governance, threat detection, data activity monitoring and automated remediation. Its products are designed to identify sensitive or exposed data, reduce excessive access permissions, detect suspicious behavior and help organizations respond to risks involving files, emails and other unstructured data.

Founded in 2005, Varonis serves businesses and institutions internationally through a combination of direct sales and channel partners.

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