Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Research analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for shares of Varonis Systems in a report issued on Monday, June 9th. Cantor Fitzgerald analyst J. Ruykhaver expects that the technology company will earn ($0.65) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $60.00 target price on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.
Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $136.42 million for the quarter, compared to the consensus estimate of $133.10 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Varonis Systems's revenue was up 19.6% on a year-over-year basis.
A number of other brokerages also recently issued reports on VRNS. JPMorgan Chase & Co. lowered their price target on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. UBS Group lifted their target price on Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Royal Bank of Canada raised their target price on shares of 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 report on Monday, April 28th. Finally, Wolfe Research upgraded Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a report on Friday, March 28th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Varonis Systems has an average rating of "Moderate Buy" and an average target price of $55.06.
Read Our Latest Report on Varonis Systems
Varonis Systems Price Performance
Shares of NASDAQ:VRNS traded up $0.23 on Tuesday, reaching $49.53. The company's stock had a trading volume of 231,589 shares, compared to its average volume of 1,530,370. The company has a 50-day simple moving average of $44.54 and a 200 day simple moving average of $44.36. Varonis Systems has a 52-week low of $36.53 and a 52-week high of $60.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $5.54 billion, a P/E ratio of -57.56 and a beta of 0.76.
Insider Buying and Selling at Varonis Systems
In other news, Director Den Bosch Fred Van sold 6,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 131,666 shares of the company's stock, valued at $6,583,300. The trade was a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company's stock.
Institutional Trading of Varonis Systems
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Varonis Systems in the 4th quarter worth approximately $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Varonis Systems during the fourth quarter worth about $61,000. Transce3nd LLC acquired a new stake in shares of Varonis Systems in the fourth quarter worth approximately $62,000. New Age Alpha Advisors LLC purchased a new stake in shares of Varonis Systems during the fourth quarter worth $70,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Varonis Systems in the 1st quarter valued at about $69,000. 95.65% of the stock is owned by institutional investors and hedge funds.
About Varonis Systems
(
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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.
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