Brokers Set Expectations for Varonis Systems FY2025 Earnings

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

Varonis Systems (NASDAQ:VRNS) last released 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 business had revenue of $148.07 million for 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 company’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) earnings per share.

Several other brokerages also recently issued reports on VRNS. Wedbush reiterated an “outperform” rating and issued a $67.00 target price on shares of Varonis Systems in a research note 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 research report on Monday, October 28th. Robert W. Baird lifted their target price on Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group boosted their price target on Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research report on Wednesday, October 30th. Five equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.80.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $47.10 on Monday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of -62.80 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems has a one year low of $41.13 and a one year high of $60.58. The company’s 50-day moving average is $53.11 and its 200 day moving average is $51.36.

Insider Activity

In other news, CFO Guy Melamed sold 91,345 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman James O’boyle sold 50,000 shares of Varonis Systems stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total value of $2,988,000.00. Following the transaction, the insider now directly owns 444,114 shares in the company, valued at approximately $26,540,252.64. The trade was a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Varonis Systems

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