FY2025 EPS Estimate for Varonis Systems Lifted by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Research analysts at DA Davidson boosted their FY2025 earnings per share estimates for Varonis Systems in a report issued on Thursday, December 12th. DA Davidson analyst R. Kessinger now anticipates that the technology company will post earnings per share of ($0.66) for the year, up from their prior estimate of ($0.71). DA Davidson has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.73) per share.

VRNS has been the topic of several other reports. 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. Wedbush reissued an “outperform” rating and set a $67.00 price target on shares of Varonis Systems in a report on Monday, August 26th. JPMorgan Chase & Co. upped their price objective on Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Robert W. Baird boosted their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Varonis Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.80.

Varonis Systems Price Performance

Shares of VRNS opened at $47.78 on Monday. The company’s 50-day moving average is $53.11 and its 200-day moving average is $51.41. 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 $5.37 billion, a PE ratio of -63.71 and a beta of 0.80. Varonis Systems has a fifty-two week low of $41.13 and a fifty-two week high of $60.58.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) EPS.

Insider Buying and Selling at Varonis Systems

In other news, Vice Chairman James O’boyle sold 50,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the completion of the transaction, the insider now directly owns 444,114 shares in the company, valued at approximately $26,540,252.64. This represents a 10.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 504,598 shares of the company’s stock, valued at approximately $27,096,912.60. The trade was a 15.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Varonis Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. increased its position in Varonis Systems by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 45,469 shares of the technology company’s stock valued at $2,181,000 after purchasing an additional 216 shares during the period. O Neil Global Advisors Inc. raised its stake in Varonis Systems by 4.8% during the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock worth $229,000 after buying an additional 220 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in Varonis Systems by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 16,051 shares of the technology company’s stock valued at $770,000 after buying an additional 275 shares during the period. Virtue Capital Management LLC boosted its position 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 acquiring an additional 364 shares during the last quarter. Finally, Xponance Inc. grew its holdings in Varonis Systems by 5.6% during the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock worth $335,000 after acquiring an additional 367 shares during the period. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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.