FY2025 EPS Estimates for Varonis Systems Reduced by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Stock analysts at Cantor Fitzgerald dropped their FY2025 EPS estimates for shares of Varonis Systems in a note issued to investors on Wednesday, February 5th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the technology company will post earnings of ($0.81) per share for the year, down from their previous estimate of ($0.69). Cantor Fitzgerald currently has a “Overweight” rating and a $60.00 price target on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.70) per share.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%.

A number of other equities analysts have also commented on VRNS. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. Jefferies Financial Group cut their price objective on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. DA Davidson cut their price objective on shares of Varonis Systems from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th. UBS Group upped their target price on shares of Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $67.00 target price on shares of Varonis Systems in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $40.01 on Friday. Varonis Systems has a 12 month low of $40.00 and a 12 month high of $60.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $4.50 billion, a P/E ratio of -53.35 and a beta of 0.83. The company’s fifty day moving average price is $46.06 and its two-hundred day moving average price is $51.31.

Institutional Trading of Varonis Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtue Capital Management LLC lifted its stake in Varonis Systems by 2.3% during the third quarter. Virtue Capital Management LLC now owns 16,264 shares of the technology company’s stock valued at $919,000 after purchasing an additional 364 shares during the last quarter. Bailard Inc. lifted its position in Varonis Systems by 0.4% in the 4th quarter. Bailard Inc. now owns 93,627 shares of the technology company’s stock worth $4,160,000 after buying an additional 417 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Varonis Systems by 445.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock worth $29,000 after buying an additional 423 shares in the last quarter. Arizona State Retirement System lifted its position in Varonis Systems by 1.3% in the 4th quarter. Arizona State Retirement System now owns 32,531 shares of the technology company’s stock worth $1,445,000 after buying an additional 425 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Varonis Systems by 29.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock worth $118,000 after buying an additional 603 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the transaction, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This represents a 15.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.