Varonis Systems (NASDAQ:VRNS) Stock Price Target Raised at Wedbush

Key Points

• Wedbush raised Varonis Systems’ price target from $46.00 to $49.75 while maintaining a neutral rating, implying approximately 5.09% upside from the reported share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average target price of $50.75. Varonis recently exceeded quarterly earnings and revenue expectations, reporting $0.04 EPS and $180.02 million in revenue.
• Proofpoint agreed to acquire Varonis for $49.75 per share in cash in a transaction valued at $6.3 billion. Shareholder law firms are investigating whether the offer fairly values the company, creating potential deal-related uncertainty.

Varonis Systems (NASDAQ:VRNS - Get Free Report) had its target price lifted by investment analysts at Wedbush from $46.00 to $49.75 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Wedbush's price objective would suggest a potential upside of 5.09% from the company's current price.

VRNS has been the topic of several other reports. Barclays lowered their price target on shares of Varonis Systems from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Piper Sandler increased their price target on Varonis Systems from $47.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Robert W. Baird lifted their price objective on Varonis Systems from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Needham & Company LLC reissued a "hold" rating on shares of Varonis Systems in a report on Friday. Finally, Stephens raised Varonis Systems from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $33.00 to $45.00 in a report on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $50.75.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $47.34 on Friday. Varonis Systems has a twelve month low of $19.70 and a twelve month high of $63.80. The company's 50 day moving average is $45.71 and its 200 day moving average is $37.89. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a market cap of $5.44 billion, a PE ratio of -38.49 and a beta of 0.77.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $180.02 million during the quarter, compared to analysts' expectations of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. 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, sell-side analysts forecast that Varonis Systems will post -0.95 EPS for the current year.

Institutional Trading of Varonis Systems

Hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in Varonis Systems by 417.3% during the third quarter. Assenagon Asset Management S.A. now owns 89,971 shares of the technology company's stock valued at $4,269,000 after buying an additional 72,577 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Varonis Systems in the third quarter worth about $247,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Varonis Systems during the 2nd quarter worth about $204,000. WINTON GROUP Ltd purchased a new stake in shares of Varonis Systems during the 2nd quarter worth about $306,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Varonis Systems during the 2nd quarter valued at about $1,441,000. 95.65% of the stock is owned by hedge funds and other institutional investors.

More Varonis Systems News

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

• Positive Sentiment: Proofpoint will pay $49.75 per Varonis share in cash, giving investors a clear takeover valuation and reducing exposure to the company’s standalone operating risks. The announcement drove buying interest in VRNS. Proofpoint to Acquire Varonis in a $6.3 Billion Transaction
• Positive Sentiment: The transaction represents a substantial premium to Varonis’s unaffected trading price and could provide shareholders with near-term value realization, subject to customary closing conditions and approvals. Varonis stock climbs on $6.3 billion Proofpoint deal
• Neutral Sentiment: Before the acquisition announcement, Wells Fargo raised its Varonis price target from $48 to $53 and maintained an “overweight” rating, indicating analysts saw additional value in the business. However, the agreed cash consideration is now the primary reference point for the stock. Wells Fargo raises Varonis price target
• Negative Sentiment: Ademi LLP and Halper Sadeh LLP announced investigations into whether the $49.75-per-share offer fairly values Varonis, whether directors adequately protected shareholders, and whether insiders received preferential benefits. These reviews could create deal-related uncertainty or delay completion, although such announcements do not necessarily indicate that the transaction will be blocked. Ademi LLP investigates Varonis buyout

Varonis Systems Company Profile

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.

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