Varonis Systems (VRNS)

• Market cap: $6.38B
• 1 day: -0.35%
• 5 days: 0.9%
• 1 month: -2.62%
• 3 months: 14.65%
• 6 months: 37.42%
• Year to date: 28.46%
• 1 year: 5.79%
• 5 years: 53.99%
• 10 years: 817.23%
• Sector: Technology
• Industry: Software - Infrastructure

About: Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2005 and went public in 2014.

Employees: 2,406

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

764% more call options, than puts

Call options by funds: $122M | Put options by funds: $14.1M

67% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 5 (+2) [Q2]

36% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 42

25% more capital invested

Capital invested by funds: $4.68B [Q1] → $5.86B (+$1.18B) [Q2]

17% more repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 107

4% more funds holding

Funds holding: 316 [Q1] → 328 (+12) [Q2]

0.39% more ownership

Funds ownership: 102.71% [Q1] → 103.1% (+0.39%) [Q2]

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $50
• Avg. target: $65
• High target: $80

14 analyst ratings

• positive: 12 86%
• neutral: 2 14%
• negative: 0 0%

Wedbush Daniel Ives	$65	Outperform Reiterated	3 Sep 2025
RBC Capital Matthew Hedberg	$64	Outperform Reiterated	3 Sep 2025
Needham Mike Cikos	$70	Buy Reiterated	3 Sep 2025
Morgan Stanley Hamza Fodderwala	$66	Overweight Maintained	2 Sep 2025
B. Riley Securities Erik Suppiger	$80	Buy Initiated	26 Aug 2025