Varonis Systems' 15min chart: Bollinger Bands Narrowing, Bearish Marubozu Triggered

Based on the technical analysis of Varonis Systems's 15-minute chart, the recent price action has triggered a Bollinger Bands Narrowing pattern combined with a Bearish Marubozu candle at 10/03/2025 13:30. This suggests that the magnitude of stock price fluctuations has decreased, indicating a shift in market control towards sellers. As a result, there is a high likelihood of continued bearish momentum in the near term.

Varonis Systems (NASDAQ:VRNS) has seen a notable shift in its stock price dynamics, as indicated by recent technical analysis. The 15-minute chart of Varonis Systems exhibited a Bollinger Bands Narrowing pattern combined with a Bearish Marubozu candle on October 3, 2025, at 13:30. This pattern suggests a decrease in the magnitude of stock price fluctuations, implying a shift in market control towards sellers. Consequently, there is a high likelihood of continued bearish momentum in the near term UBS Group Issues Positive Forecast for Varonis Systems (NASDAQ:VRNS) Stock Price^[1].

Despite this technical analysis, Varonis Systems has been the subject of positive analyst forecasts. UBS Group raised its price target for Varonis Systems from $65.00 to $70.00, indicating a potential upside of 17.57% from its previous close . Other analysts have also issued positive ratings and target prices. B. Riley initiated coverage with a "buy" rating and a $80.00 target price, while DA Davidson, Wedbush, Robert W. Baird, and Susquehanna all increased their price targets. Fourteen analysts have rated the stock with a "Buy" rating, with a consensus rating of "Moderate Buy" and an average target price of $63.41 .

Varonis Systems reported $0.03 earnings per share for the last quarter, beating analysts' estimates and recording a 16.7% year-over-year revenue increase. The company's institutional ownership stands at 95.65%, reflecting significant confidence from major financial players in its future prospects . However, the recent insider activity and increased institutional ownership may not be sufficient to counteract the bearish momentum indicated by the technical analysis.

Institutional investors, including Norges Bank, Voya Investment Management LLC, Goldman Sachs Group Inc., RGM Capital LLC, and Allspring Global Investments Holdings LLC, have recently added to or increased their stakes in Varonis Systems. Despite this, the company's stock has been relatively stable, with a 1-year low of $36.53 and a 1-year high of $60.58 .

The combination of positive analyst ratings and strong institutional ownership presents a compelling case for Varonis Systems. However, the recent technical analysis suggests a potential shift in market control towards sellers, indicating a high likelihood of continued bearish momentum in the near term. Investors should closely monitor the stock's price action and consider the broader market trends when making investment decisions.