Cantor Fitzgerald Forecasts Varonis Systems FY2025 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Varonis Systems in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst J. Ruykhaver expects that the technology company will earn ($0.69) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $60.00 target price 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 quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $148.07 million during the quarter, compared to analyst estimates of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.22) EPS.

A number of other equities research analysts also recently issued reports on VRNS. DA Davidson cut their target price on shares of Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Robert W. Baird lifted their price target on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. Piper Sandler reduced their target price on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Barclays boosted their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and an average target price of $59.44.

Varonis Systems Stock Down 1.3 %

Shares of Varonis Systems stock opened at $44.28 on Wednesday. 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 company has a market cap of $4.98 billion, a P/E ratio of -59.04 and a beta of 0.83. The stock has a 50-day moving average price of $47.10 and a 200 day moving average price of $51.53. Varonis Systems has a 1 year low of $41.13 and a 1 year high of $60.58.

Institutional Investors Weigh In On Varonis Systems

Several hedge funds have recently modified their holdings of VRNS. Renaissance Technologies LLC raised its stake in Varonis Systems by 21.7% during the 2nd quarter. Renaissance Technologies LLC now owns 197,100 shares of the technology company’s stock valued at $9,455,000 after purchasing an additional 35,200 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Varonis Systems in the second quarter valued at about $215,000. Hsbc Holdings PLC grew its position in Varonis Systems by 127.4% during the second quarter. Hsbc Holdings PLC now owns 56,409 shares of the technology company’s stock worth $2,673,000 after buying an additional 31,600 shares in the last quarter. XTX Topco Ltd bought a new position in Varonis Systems during the second quarter valued at about $390,000. Finally, Bank of Montreal Can raised its holdings in Varonis Systems by 12.1% in the 2nd quarter. Bank of Montreal Can now owns 646,261 shares of the technology company’s stock valued at $31,098,000 after acquiring an additional 69,827 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Insider Transactions at Varonis Systems

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