Needham Rates Varonis Systems (VRNS) buy, $40 Price Target
Needham has reaffirmed its buy stance on VRNS with a price target of $40, a 7.27% upside from the current price.
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Needham rated Varonis Systems, Inc. ($VRNS) "buy" with a $40 price target on June 23, 2026.
Since the rating, $VRNS is up 19.8% after 1 week, up 27.8% after 1 month and up 39.1% to date (from the $35.03 close on Jun 23, 2026).
VRNS
Varonis Systems, Inc.
Key Points
- Needham reiterated its buy rating on VRNS on June 23, 2026, with a price target of $40.
- Needham's $40 price target implies 7.27% upside from Varonis Systems, Inc.'s ($VRNS) current $37.29 share price.
- Shares of VRNS traded near $32.71 on Tuesday, reflecting market interest.
- BlackRock and Vanguard have notable stakes in VRNS, with BlackRock holding over 11.3 million shares.
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Needham reiterated its buy rating for VRNS on June 23, 2026, setting a price target of $40. The analyst Mike Cikos maintained this optimistic outlook, suggesting confidence in VRNS's potential. Shares of VRNS traded near $32.71 on Tuesday.
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Other Institutional Activity in VRNS
BlackRock, Inc. grew its holdings in VRNS by 78,416 shares, bringing its total to 11,305,133 shares valued at approximately $242.72 million. Vanguard Portfolio Management LLC opened a new position with 7,483,115 shares worth about $160.66 million. Similarly, Vanguard Capital Management LLC initiated a stake with 5,100,514 shares valued at around $109.51 million. Tremblant Capital Group added 70,019 shares, ending with 3,579,668 shares valued at $76.86 million. Pictet Asset Management Holding SA significantly increased its position by 944,676 shares, now holding 3,123,056 shares worth $67.03 million.
Insider Buying and Selling at Varonis Systems, Inc.
Recent insider activity at VRNS included EVP and General Counsel Dov Gottlieb selling 9,264 shares at $34.15 on May 31, 2026. CFO and COO Guy Melamed sold 104,440 shares at $23.10 on May 22, 2026. On April 30, 2026, Rachel Prishkolnik, Carlos Aued, Gili Iohan, and Kevin Comolli each bought 7,224 shares at an unspecified price.
Analysts Set New Price Targets
On June 23, 2026, Needham maintained its buy rating on VRNS, setting a price target of $40. Previously, on May 12, 2026, Rosenblatt initiated coverage with a buy rating and the same target. Citigroup maintained a hold rating with a $30 target on April 30, 2026. In late April, JP Morgan, UBS, DA Davidson, RBC Capital, and Wedbush all maintained buy ratings, with price targets ranging from $36 to $39.
Bottom Line
Needham's reiterated buy rating and $40 target for VRNS reflect ongoing confidence in the company's prospects. Institutional investors like BlackRock and Vanguard show significant interest, holding substantial stakes. Insider transactions indicate active engagement from VRNS executives. As always, these analyst ratings and institutional moves are backward-looking and should be considered as part of a broader investment analysis.
$VRNS price target
Varonis Systems, Inc. daily closes and this analyst's $40 target. Not advice.
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Source: Needham's rating change on $VRNS (Jun 23, 2026). Written by software, not financial advice. How we make alerts