Varonis Systems (NASDAQ:VRNS) Stock Keeps Equal Weight Rating at Barclays

Varonis Systems (NASDAQ:VRNS - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $50.00 price target on the technology company's stock. Barclays's price objective would suggest a potential upside of 2.73% from the company's previous close.

VRNS has been the topic of several other reports. New Street Research reaffirmed a "buy" rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Truist Financial cut Varonis Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday. DA Davidson reissued a "neutral" rating and set a $49.75 price objective (down from $55.00) on shares of Varonis Systems in a research report on Friday. Rosenblatt Securities downgraded Varonis Systems from a "buy" rating to a "hold" rating and decreased their target price for the company from $55.00 to $49.75 in a research note on Friday. Finally, JPMorgan Chase & Co. raised their target price on Varonis Systems from $39.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $50.94.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $48.67 on Monday. The stock has a market capitalization of $5.59 billion, a P/E ratio of -39.56 and a beta of 0.77. The business has a 50-day moving average of $45.81 and a two-hundred day moving average of $38.08. Varonis Systems has a fifty-two week low of $19.70 and a fifty-two week 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.

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

Hedge Funds Weigh In On Varonis Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its stake in shares of Varonis Systems by 4.8% in the fourth quarter. Corient Private Wealth LLC now owns 12,717 shares of the technology company's stock valued at $417,000 after purchasing an additional 585 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 839 shares in the last quarter. Assetmark Inc. boosted its stake in Varonis Systems by 21.0% during the first quarter. Assetmark Inc. now owns 4,848 shares of the technology company's stock worth $104,000 after buying an additional 841 shares in the last quarter. Essential Partners LLC increased its holdings in Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company's stock valued at $44,000 after buying an additional 863 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Varonis Systems by 27.3% in the 2nd quarter. Versant Capital Management Inc now owns 4,232 shares of the technology company's stock valued at $178,000 after buying an additional 907 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Key Stories Impacting Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: The proposed Proofpoint acquisition provides valuation support and creates a potential path for shareholders to realize value at the deal price. Analysts have described the stock as reasonably valued, with one estimate suggesting it may still be about 4% undervalued. Varonis Stock May Be Reasonable on Its Buyout Deal Varonis Systems Could Be 4% Undervalued
• Positive Sentiment: Wedbush raised its price target, and a Citigroup analyst indicated that VRNS shares could rise, offering some offset to the broader analyst caution. Wedbush also said the deal could signal additional cybersecurity merger-and-acquisition activity. Wedbush Price Target Boost Citigroup Analyst View
• Neutral Sentiment: Trading volume was unusually high following analyst activity, indicating elevated investor attention as the market evaluates the Proofpoint transaction. Unusually High Trading Volume
• Negative Sentiment: Analysts are broadly removing bullish ratings after the buyout announcement. Barclays, Truist, Rosenblatt, Wells Fargo, TD Cowen, Jefferies, Needham, RBC Capital, B. Riley, DA Davidson and Piper Sandler either downgraded VRNS or reaffirmed neutral/hold ratings. The changes suggest limited upside beyond the transaction value and may pressure the shares. Truist Downgrade Barclays Downgrade RBC Capital Downgrade

About Varonis Systems

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company's offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.