DA Davidson Expects Reduced Earnings for Varonis Systems

Varonis Systems, Inc. (NASDAQ:VRNS) – Research analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for Varonis Systems in a report issued on Wednesday, February 5th. DA Davidson analyst R. Kessinger now anticipates that the technology company will post earnings of ($0.84) per share for the year, down from their prior forecast of ($0.66). 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 ($0.70) per share. DA Davidson also issued estimates for Varonis Systems’ FY2026 earnings at ($0.72) EPS.

Several other research analysts have also recently commented on VRNS. UBS Group upped their target price on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler lowered their target price on Varonis Systems from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Varonis Systems Stock Up 1.4 %

Varonis Systems stock opened at $40.59 on Friday. The firm has a market capitalization of $4.57 billion, a P/E ratio of -54.12 and a beta of 0.83. The company has a 50-day simple moving average of $45.87 and a 200-day simple moving average of $51.23. Varonis Systems has a one year low of $39.62 and a one year high of $60.58. 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 (NASDAQ:VRNS) last issued 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 return on equity of 17.58% and a negative net margin of 15.31%.

Institutional Investors Weigh In On Varonis Systems

A number of institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Varonis Systems by 761.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock valued at $50,026,000 after buying an additional 995,274 shares during the last quarter. Raymond James Financial Inc. bought a new position in Varonis Systems during the fourth quarter valued at approximately $21,860,000. Wealthfront Advisers LLC acquired a new stake in Varonis Systems in the fourth quarter valued at approximately $17,088,000. WCM Investment Management LLC bought a new stake in Varonis Systems in the third quarter worth approximately $17,419,000. Finally, Two Sigma Advisers LP increased its stake in shares of Varonis Systems by 46.7% during the 3rd quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock worth $47,415,000 after purchasing an additional 267,000 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. The trade was a 15.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

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.