FY2025 EPS Forecast for Varonis Systems Raised by Analyst

Key Points

• DA Davidson has increased its FY2025 EPS estimate for Varonis Systems from ($0.85) to ($0.84), while maintaining a "Neutral" rating and setting a price target of $50.00.
• Varonis reported $0.03 EPS for the latest quarter, beating estimates, and its revenue rose 16.7% year-over-year to $152.16 million.
• The stock has an average price target of $57.31, with several analysts giving Varonis a "buy" rating, indicating a strong market outlook for the company.

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Investment analysts at DA Davidson increased their FY2025 earnings estimates for shares of Varonis Systems in a report released on Wednesday, July 30th. DA Davidson analyst R. Kessinger now expects that the technology company will earn ($0.84) per share for the year, up from their prior forecast of ($0.85). DA Davidson 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. DA Davidson also issued estimates for Varonis Systems' FY2026 earnings at ($0.72) EPS.

Several other brokerages have also commented on VRNS. UBS Group increased their price target on shares of Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Barclays increased their price target on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lowered their target price on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Susquehanna raised their target price on shares of Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada raised their target price on shares of Varonis Systems from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.31.

Varonis Systems Stock Down 2.1%

VRNS stock traded down $1.16 during midday trading on Friday, reaching $55.32. The company had a trading volume of 593,138 shares, compared to its average volume of 1,568,428. The company has a 50 day moving average of $50.76 and a two-hundred day moving average of $45.51. Varonis Systems has a 1 year low of $36.53 and a 1 year high of $60.58. The company has a market capitalization of $6.20 billion, a P/E ratio of -60.13 and a beta of 0.71. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32.

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

Insider Activity

In other news, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction of $165,240.00. Following the sale, the director directly owned 128,666 shares in the company, valued at approximately $7,086,923.28. The trade was a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the transaction, the chief financial officer directly owned 470,602 shares of the company's stock, valued at $25,930,170.20. This represents a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,889 shares of company stock worth $3,324,324. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Varonis Systems

Several institutional investors have recently added to or reduced their stakes in VRNS. Brown Advisory Inc. bought a new position in shares of Varonis Systems in the first quarter worth about $346,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Varonis Systems by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock valued at $352,000 after purchasing an additional 1,323 shares during the period. Stephens Investment Management Group LLC boosted its holdings in shares of Varonis Systems by 14.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock valued at $64,904,000 after buying an additional 205,781 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Varonis Systems by 52.2% in the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock valued at $62,376,000 after buying an additional 529,182 shares during the period. Finally, Legacy Advisors LLC boosted its holdings in shares of Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock valued at $853,000 after buying an additional 13,115 shares during the period. 95.65% of the stock is owned by 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.