DA Davidson Weighs in on Varonis Systems Q3 Earnings

Key Points

• DA Davidson estimates that Varonis Systems will report a Q3 2025 EPS of ($0.17), maintaining a "Neutral" rating with a target price of $50.00.
• Various analysts have lowered their price targets for Varonis Systems, with Morgan Stanley and JPMorgan setting targets of $46.00 and $45.00 respectively, while UBS Group and Needham raised theirs to $65.00 and $70.00.
• Varonis Systems reported a quarterly revenue of $152.16 million in its latest earnings, surpassing estimates and reflecting a 16.7% year-over-year increase.

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Analysts at DA Davidson issued their Q3 2025 earnings per share estimates for shares of Varonis Systems in a note issued to investors on Wednesday, July 30th. DA Davidson analyst R. Kessinger anticipates that the technology company will post earnings per share of ($0.17) for the quarter. DA Davidson currently has a "Neutral" rating and a $50.00 price objective on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.

VRNS has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of 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 upped their price target on Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen raised Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Needham & Company LLC boosted their price objective on Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Barclays upped their target price on Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.31.

Varonis Systems Stock Performance

Shares of VRNS traded up $1.15 during trading hours on Thursday, hitting $55.88. The stock had a trading volume of 812,583 shares, compared to its average volume of 1,569,199. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of -60.79 and a beta of 0.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day moving average price of $50.76 and a 200 day moving average price of $45.51. Varonis Systems has a fifty-two week low of $36.53 and a fifty-two week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS.

Insider Transactions at Varonis Systems

In other news, Director Den Bosch Fred Van sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $300,000.00. Following the transaction, the director directly owned 131,666 shares in the company, valued at $6,583,300. The trade was a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Guy Melamed sold 51,889 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the sale, the chief financial officer owned 470,602 shares of the company's stock, valued at $25,930,170.20. This trade represents a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,889 shares of company stock worth $3,324,324 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Varonis Systems

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Varonis Systems during the 4th quarter worth $56,561,000. New Age Alpha Advisors LLC acquired a new stake in Varonis Systems during the fourth quarter worth about $70,000. Arrowstreet Capital Limited Partnership increased its position in Varonis Systems by 28.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 369,317 shares of the technology company's stock worth $16,409,000 after purchasing an additional 81,343 shares during the last quarter. Alliancebernstein L.P. raised its stake in Varonis Systems by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 138,977 shares of the technology company's stock worth $6,175,000 after purchasing an additional 1,381 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in Varonis Systems by 43.7% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 47,609 shares of the technology company's stock valued at $2,115,000 after purchasing an additional 14,471 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

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.