DA Davidson Comments on Varonis Systems Q1 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for Varonis Systems in a research note issued on Wednesday, February 5th. DA Davidson analyst R. Kessinger forecasts that the technology company will post earnings of ($0.30) per share for the quarter. 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 ($0.74) per share.

Several other brokerages have also issued reports on VRNS. JPMorgan Chase & Co. increased their target price on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Citigroup cut their target price on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, Cantor Fitzgerald began coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They issued an “overweight” rating and a $60.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.38.

Varonis Systems Stock Performance

VRNS stock opened at $42.70 on Monday. Varonis Systems has a 1-year low of $39.62 and a 1-year high of $60.58. 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 stock has a 50-day moving average price of $45.54 and a 200-day moving average price of $51.21. The firm has a market cap of $4.80 billion, a PE ratio of -49.65 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.45%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRNS. Virtue Capital Management LLC lifted its position in shares of Varonis Systems by 2.3% during the 3rd quarter. Virtue Capital Management LLC now owns 16,264 shares of the technology company’s stock worth $919,000 after buying an additional 364 shares in the last quarter. Bailard Inc. lifted its holdings in Varonis Systems by 0.4% during the fourth quarter. Bailard Inc. now owns 93,627 shares of the technology company’s stock valued at $4,160,000 after purchasing an additional 417 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Varonis Systems by 445.3% during the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock worth $29,000 after purchasing an additional 423 shares during the period. Arizona State Retirement System increased its stake in shares of Varonis Systems by 1.3% in the fourth quarter. Arizona State Retirement System now owns 32,531 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 425 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Varonis Systems by 0.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 75,440 shares of the technology company’s stock valued at $3,352,000 after purchasing an additional 600 shares during the period. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems declared that its Board of Directors has approved a stock repurchase program on Monday, February 10th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Varonis Systems Company Profile

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.