FY2025 EPS Estimate for Varonis Systems Raised by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Equities researchers at DA Davidson boosted their FY2025 EPS estimates for shares of Varonis Systems in a research report issued on Thursday, December 12th. DA Davidson analyst R. Kessinger now anticipates that the technology company will earn ($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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. During the same period last year, the business posted ($0.22) earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis.

A number of other research firms have also issued reports on VRNS. Wedbush reiterated an “outperform” rating and set a $67.00 price objective on shares of Varonis Systems in a research note on Monday, August 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 target price on shares of Varonis Systems in a research report on Wednesday, October 30th. Piper Sandler lifted their price target on Varonis Systems from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Barclays upped their target price on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.80.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $47.10 on Monday. Varonis Systems has a 12-month low of $41.13 and a 12-month high of $60.58. The firm has a market cap of $5.30 billion, a P/E ratio of -62.80 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. The company’s 50 day moving average is $53.11 and its 200-day moving average is $51.36.

Insiders Place Their Bets

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman James O’boyle sold 50,000 shares of the business’s stock in a transaction that occurred on 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 $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. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in shares of Varonis Systems by 445.3% during the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after buying an additional 423 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,442 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Varonis Systems in the 3rd quarter worth approximately $184,000. KBC Group NV lifted its stake in shares of Varonis Systems by 25.5% in the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after purchasing an additional 663 shares during the period. Finally, Atom Investors LP purchased a new position in shares of Varonis Systems in the 3rd quarter valued at approximately $224,000. 95.65% of the stock is currently owned by institutional investors.

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.