FY2025 EPS Estimates for Varonis Systems Boosted by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Varonis Systems in a report issued on Thursday, December 12th. DA Davidson analyst R. Kessinger now forecasts that the technology company will post earnings of ($0.66) per share for the year, up from their prior estimate 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.

A number of other analysts have also recently issued reports on VRNS. Robert W. Baird boosted their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. UBS Group lifted their target price on shares of Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average target price of $59.80.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $47.20 on Monday. The company’s fifty day moving average is $52.96 and its two-hundred day moving average is $51.44. Varonis Systems has a 52-week low of $41.13 and a 52-week high of $60.58. 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 $5.31 billion, a price-to-earnings ratio of -63.71 and a beta of 0.80.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The firm had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. During the same quarter last year, the firm posted ($0.22) EPS. The company’s revenue was up 21.1% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VRNS. EFG Asset Management North America Corp. increased its stake in shares of Varonis Systems by 0.5% in 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 buying an additional 216 shares during the period. O Neil Global Advisors Inc. increased its position in Varonis Systems by 4.8% in the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock worth $229,000 after purchasing an additional 220 shares during the period. Hanseatic Management Services Inc. increased its position 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 worth $770,000 after purchasing an additional 275 shares during the period. Virtue Capital Management LLC raised its holdings in 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 purchasing an additional 364 shares during the last quarter. Finally, Xponance Inc. lifted its position in Varonis Systems by 5.6% during the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock valued at $335,000 after purchasing an additional 367 shares during the period. Institutional investors own 95.65% of the company’s stock.

Insider Transactions at Varonis Systems

In related news, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction 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. This represents a 15.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman James O’boyle sold 50,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the sale, 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 disclosure for this sale can be found here. Company 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.