Varonis Systems (VRNS)
Maps and protects enterprise data, access, and AI activity through a SaaS security platform.
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Sells a SaaS data and AI security platform that maps sensitive information, permissions, and activity across cloud and on-premises systems, then automates exposure reduction and threat response. Managed monitoring, database and email security, and Atlas AI controls broaden the suite; most revenue comes from subscriptions sold through channel partners.
Maps sensitive enterprise data, permissions, and activity through the Varonis Data Security Platform, then automates exposure reduction and threat response. The SaaS suite combines data discovery and classification, access intelligence, least-privilege automation, privacy and compliance, and Managed Data Detection and Response across cloud, SaaS, database, email, and on-premises environments.
Varonis Database Activity Monitoring and Varonis Interceptor extend protection to databases and phishing channels, while Varonis Atlas inventories and governs models and agents. A channel-led sales force serves mainly large organizations worldwide; most revenue comes from the United States, while most research and development occurs in Israel.
Revenue is overwhelmingly SaaS, with legacy term-license and maintenance streams winding down before the announced self-hosted product end-of-life. Substantially all offerings are sold through resellers and distributors, and operations are subject to evolving data-protection, privacy, cybersecurity, and AI regulations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Wedbush | Downgrade | Target: $37 | Target: $46 |
| Jul 29, 2026 | Susquehanna | Reiterate | Rating: —Target: $36 | Target: $55 |
| Jul 29, 2026 | Needham | Reiterate | Rating: —Target: $36 | Target: $50 |
| Jul 29, 2026 | Robert W. Baird | Target | Target: $32 | Target: $45 |
| Jul 24, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $50 | Target: $55 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $660.1M · Total debt $516.1M · Total assets $1.65B · Shareholders' equity $444.5M
- Revenue
- $180.0M
- Operating income
- −$40.6M
- Net income
- −$46.8M
No dividends on record.
| Institutions | ≈ 97.03% | 111.44M shares | |
|---|---|---|---|
| 378 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.72% | 4.28M shares | |
| 15 holders · as of Jun 2, 2026 | |||
| Adds to | 100.75% | ||
114.86M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 100.75%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.13% | 12.79M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.59% | 7.57M | as of Jun 30, 2026 |
William Blair Investment Management, LLCInstitution | 5.38% | 6.18M | filed Feb 9, 2023 |
Vanguard Capital Management LLCInstitution | 4.34% | 4.99M | as of Jun 30, 2026 |
Tremblant Capital GroupInstitution | 3.26% | 3.75M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 6, 2026 | Avrohom J. Kess | director | +17,800 | $22.29 |
| Feb 6, 2026 | John J. Jr Gavin | director | +5,000 | $22.54 |
| Feb 9, 2026 | David Bass | officer: EVP Engineering & CTO | +2,980 | $23.47 |
| Feb 9, 2026 | Yakov Faitelson | director, officer: CEO, President, Chairman | +26,725 | $22.41 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Varonis Systems | $47.66 | −1.65% | $5.57B | — | 212.3 | 8.1 | +18.3% |
| Microsoft | $496.54 | −1.01% | $3.72T | 27.9 | 25.3 | 11.2 | +17.8% |
| Rubrik | $111.68 | −1.13% | $23.25B | — | 225.6 | 15.1 | +37.9% |
| Palo Alto Networks | $371.26 | −0.13% | $302.98B | 844.9 | 88.7 | 26.4 | +34.5% |
| CrowdStrike | $248.95 | −0.16% | $253.90B | 7,104.0 | 176.6 | 47.1 | +25.8% |
| Zscaler | $208.49 | +0.66% | $33.49B | — | 42.8 | 10.0 | +24.9% |
| Tenable | $35.94 | −0.72% | $3.99B | 581.1 | 17.6 | 3.8 | +8.6% |
| SentinelOne | $23.87 | +0.27% | $8.01B | — | 60.2 | 7.3 | +20.6% |
| Median | 713.0 | 60.2 | 11.2 | +24.9% |