FY2025 EPS Estimate for Varonis Systems Decreased by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Stock analysts at Cantor Fitzgerald cut their FY2025 earnings per share estimates for Varonis Systems in a research report issued to clients and investors on Tuesday, June 10th. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the technology company will post earnings per share of ($0.84) for the year, down from their previous estimate of ($0.81). Cantor Fitzgerald currently has a “Overweight” rating and a $60.00 price target on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.83) per share.

VRNS has been the subject of several other research reports. Barclays cut their price target on Varonis Systems from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Royal Bank of Canada raised their price objective on Varonis Systems from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Wall Street Zen raised Varonis Systems from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price objective on Varonis Systems from $55.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Jefferies Financial Group lowered their price objective on Varonis Systems from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and an average target price of $55.06.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $50.23 on Thursday. The stock has a market capitalization of $5.62 billion, a PE ratio of -58.41 and a beta of 0.76. The business has a 50 day simple moving average of $44.54 and a two-hundred day simple moving average of $44.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24. Varonis Systems has a 1-year low of $36.53 and a 1-year high of $60.58.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. The business had revenue of $136.42 million for the quarter, compared to analysts’ expectations of $133.10 million. During the same quarter in the prior year, the business posted ($0.03) EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year.

Institutional Investors Weigh In On Varonis Systems

Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Varonis Systems in the 4th quarter worth $36,000. Johnson Financial Group Inc. bought a new position in shares of Varonis Systems in the 4th quarter worth $61,000. Transce3nd LLC bought a new position in shares of Varonis Systems in the 4th quarter worth $62,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems in the 1st quarter worth $69,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Varonis Systems in the 4th quarter worth $70,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 131,666 shares in the company, valued at approximately $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.

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.