FY2025 EPS Forecast for Varonis Systems Lowered by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Research analysts at Cantor Fitzgerald lowered their FY2025 earnings 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 prior forecast of ($0.81). Cantor Fitzgerald has a "Overweight" rating and a $60.00 price objective on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.

Several other equities analysts also recently weighed in on VRNS. UBS Group lifted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Barclays decreased their target price on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their price objective on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.06.

Varonis Systems Stock Down 0.6%

NASDAQ:VRNS traded down $0.28 on Thursday, reaching $49.02. 1,199,952 shares of the stock traded hands, compared to its average volume of 1,535,486. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of -57.00 and a beta of 0.76. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99. Varonis Systems has a 12 month low of $36.53 and a 12 month high of $60.58. The company's fifty day simple moving average is $44.98 and its 200 day simple moving average is $44.31.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share 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 firm had revenue of $136.42 million for the quarter, compared to analysts' expectations of $133.10 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year.

Institutional Investors Weigh In On Varonis Systems

Institutional investors have recently bought and sold shares of the business. Quarry LP grew its position in shares of Varonis Systems by 31.8% during the 1st quarter. Quarry LP now owns 1,082 shares of the technology company's stock worth $44,000 after buying an additional 261 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Varonis Systems by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 85,255 shares of the technology company's stock valued at $3,449,000 after buying an additional 284 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Varonis Systems by 7.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after purchasing an additional 298 shares during the period. Teza Capital Management LLC boosted its position in Varonis Systems by 3.1% in the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock valued at $437,000 after buying an additional 299 shares during the period. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Varonis Systems by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock valued at $512,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

Insider Activity

In related news, Director Den Bosch Fred Van sold 6,000 shares of the company'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 value of $300,000.00. Following the sale, the director now owns 131,666 shares in the company, valued at $6,583,300. This represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

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.