FY2025 EPS Estimates for Varonis Systems Reduced by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Investment analysts at Cantor Fitzgerald dropped their FY2025 earnings estimates for shares of Varonis Systems in a report released on Wednesday, February 5th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the technology company will earn ($0.81) per share for the year, down from their prior forecast of ($0.69). Cantor Fitzgerald has a “Overweight” rating and a $60.00 price objective on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.70) per share.

A number of other research analysts have also issued reports on VRNS. UBS Group raised 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. Needham & Company LLC reissued a “buy” rating and issued a $67.00 price target on shares of Varonis Systems in a report on Wednesday. Robert W. Baird increased their price target on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $40.01 on Friday. Varonis Systems has a 1 year low of $40.00 and a 1 year high of $60.58. The firm’s fifty day simple moving average is $46.06 and its 200 day simple moving average is $51.31. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $4.50 billion, a PE ratio of -53.35 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in Varonis Systems by 761.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock worth $50,026,000 after buying an additional 995,274 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Varonis Systems in the fourth quarter valued at $21,860,000. WCM Investment Management LLC acquired a new position in shares of Varonis Systems in the third quarter valued at $17,419,000. Two Sigma Advisers LP increased its holdings in shares of Varonis Systems by 46.7% in the third quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock valued at $47,415,000 after purchasing an additional 267,000 shares during the last quarter. Finally, Thematics Asset Management increased its holdings in shares of Varonis Systems by 40.2% in the third quarter. Thematics Asset Management now owns 530,000 shares of the technology company’s stock valued at $29,945,000 after purchasing an additional 152,000 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Buying and Selling at Varonis Systems

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

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.