FY2025 EPS Estimates for Varonis Systems Lifted by Analyst

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

A number of other brokerages also recently weighed in on VRNS. Piper Sandler upped their price target on shares of Varonis Systems from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Barclays upped their price target on Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, UBS Group raised their price objective on Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.80.

Varonis Systems Trading Down 1.2 %

Shares of Varonis Systems stock opened at $47.20 on Monday. The business has a fifty day simple moving average of $52.96 and a 200-day simple moving average of $51.44. Varonis Systems has a fifty-two week low of $41.13 and a fifty-two week high of $60.58. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of -63.71 and a beta of 0.80. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $148.07 million for 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 business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.22) earnings per share.

Institutional Investors Weigh In On Varonis Systems

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP increased its position in Varonis Systems by 61.4% during the third quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company’s stock worth $6,422,000 after buying an additional 43,258 shares during the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Varonis Systems by 17.0% during the 3rd quarter. Lisanti Capital Growth LLC now owns 74,305 shares of the technology company’s stock valued at $4,198,000 after acquiring an additional 10,820 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Varonis Systems by 226.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 20,595 shares of the technology company’s stock valued at $1,164,000 after acquiring an additional 14,295 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Varonis Systems by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company’s stock valued at $19,802,000 after acquiring an additional 44,826 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Varonis Systems in the 3rd quarter worth approximately $1,872,000. Institutional investors own 95.65% of the company’s stock.

Insiders Place Their Bets

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the business’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 in the company, valued at $27,096,912.60. The trade was a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman James O’boyle sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 444,114 shares of the company’s stock, valued at $26,540,252.64. This trade represents a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.