Varonis Systems (NASDAQ:VRNS) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Varonis Systems shares crossed above their 50-day moving average, trading as high as $49.35 and last changing hands at $49.08, compared with a 50-day average of $44.77.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $49.79. UBS and Truist recently raised their targets to $58 and $52, respectively.
• The company exceeded quarterly expectations with EPS of $0.04 versus a $0.01 estimate and revenue of $180.02 million, up 18.3% year over year; institutional investors own 95.65% of outstanding shares.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $44.77 and traded as high as $49.35. Varonis Systems shares last traded at $49.08, with a volume of 1,626,427 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VRNS shares. UBS Group raised their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Stephens raised shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $33.00 to $45.00 in a research note on Wednesday, June 24th. Truist Financial increased their target price on Varonis Systems from $34.00 to $52.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Wedbush reissued a "neutral" rating and issued a $46.00 price target on shares of Varonis Systems in a research note on Friday, September 11th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Varonis Systems in a report on Tuesday, September 8th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $49.79.

Varonis Systems Stock Performance

The stock's 50-day moving average price is $44.77 and its 200 day moving average price is $36.62. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $5.64 billion, a P/E ratio of -39.90 and a beta of 0.77.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business had revenue of $180.02 million during the quarter, compared to analysts' expectations of $176.83 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm's revenue 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. As a group, equities analysts predict that Varonis Systems, Inc. will post -0.96 EPS for the current year.

Institutional Trading of Varonis Systems

A number of hedge funds and other institutional investors have recently modified their holdings of VRNS. Quantinno Capital Management LP increased its holdings in Varonis Systems by 59.0% during the first quarter. Quantinno Capital Management LP now owns 76,843 shares of the technology company's stock worth $1,650,000 after buying an additional 28,512 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Varonis Systems by 218.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company's stock valued at $30,262,000 after acquiring an additional 966,817 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Varonis Systems by 17.1% in the 1st quarter. Bank of New York Mellon Corp now owns 552,203 shares of the technology company's stock valued at $11,856,000 after acquiring an additional 80,743 shares during the period. California State Teachers Retirement System grew its position in shares of Varonis Systems by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 132,215 shares of the technology company's stock valued at $2,839,000 after acquiring an additional 24,775 shares during the period. Finally, Trillium Asset Management LLC bought a new position in shares of Varonis Systems in the 2nd quarter valued at about $3,477,000. Institutional investors and hedge funds own 95.65% of the company's stock.

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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