DA Davidson Estimates Varonis Systems Q1 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Varonis Systems in a report issued on Wednesday, February 5th. DA Davidson analyst R. Kessinger anticipates that the technology company will post earnings per share of ($0.30) for the quarter. DA Davidson has a “Neutral” rating and a $47.00 price target on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.74) per share.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share 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%.

Several other research analysts also recently commented on the stock. Robert W. Baird boosted their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered their price objective on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They set an “overweight” rating and a $60.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Five research 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 stock. According to data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Varonis Systems Stock Up 6.0 %

NASDAQ VRNS opened at $43.02 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. Varonis Systems has a 1-year low of $39.62 and a 1-year high of $60.58. The company has a 50 day moving average of $45.68 and a 200-day moving average of $51.24. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -50.02 and a beta of 0.83.

Hedge Funds Weigh In On Varonis Systems

Several institutional investors have recently made changes to their positions in VRNS. Geode Capital Management LLC raised its holdings in shares of Varonis Systems by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,615,462 shares of the technology company’s stock worth $147,801,000 after acquiring an additional 29,050 shares during the last quarter. William Blair Investment Management LLC increased its stake in Varonis Systems by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company’s stock valued at $101,750,000 after buying an additional 52,971 shares during the last quarter. Principal Financial Group Inc. increased its stake in Varonis Systems by 9.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company’s stock valued at $100,789,000 after buying an additional 147,081 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Varonis Systems by 761.6% in 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. Finally, Charles Schwab Investment Management Inc. increased its stake in Varonis Systems by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 971,844 shares of the technology company’s stock valued at $43,179,000 after buying an additional 8,921 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Buying and Selling

In other 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 approximately $27,096,912.60. This represents a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

Varonis Systems announced that its board has approved a stock buyback plan on Monday, February 10th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is 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.