FY2025 EPS Estimate for Varonis Systems Lowered by Analyst

Key Points

• Cantor Fitzgerald has lowered their FY2025 earnings per share estimate for Varonis Systems from ($0.84) to ($0.91), while maintaining an "Overweight" rating with a price target of $60.00.
• Varonis Systems reported a quarterly earnings of $0.03 EPS, surpassing expectations, with a revenue increase of 16.7% year-over-year.
• Institutional investors hold 95.65% of Varonis Systems' stocks, with several increasing their stakes significantly during the first quarter.

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Cantor Fitzgerald dropped their FY2025 earnings per share (EPS) estimates for Varonis Systems in a note issued to investors on Thursday, September 4th. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the technology company will post earnings per share of ($0.91) for the year, down from their previous forecast of ($0.84). 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. Cantor Fitzgerald also issued estimates for Varonis Systems' FY2026 earnings at ($0.73) EPS.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same quarter last year, the company posted $0.05 earnings per share. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS.

Several other brokerages also recently issued reports on VRNS. DA Davidson raised their price objective on shares of Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wedbush reissued an "outperform" rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, September 3rd. Barclays lifted their price target on Varonis Systems from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Citigroup lifted their price target on Varonis Systems from $51.00 to $58.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Wells Fargo & Company raised Varonis Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $51.00 to $70.00 in a report on Monday, August 11th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.65.

Varonis Systems Trading Up 0.5%

Shares of Varonis Systems stock opened at $56.03 on Monday. The company's fifty day simple moving average is $54.60 and its 200-day simple moving average is $47.79. The company has a market cap of $6.28 billion, a price-to-earnings ratio of -60.90 and a beta of 0.67. 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 has a 1 year low of $36.53 and a 1 year high of $60.58.

Insider Activity

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the sale, the director directly owned 128,666 shares of the company's stock, valued at approximately $7,086,923.28. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Guy Melamed sold 1,500 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $59.59, for a total value of $89,385.00. Following the sale, the chief financial officer directly owned 412,105 shares of the company's stock, valued at $24,557,336.95. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,386 shares of company stock valued at $6,429,405 over the last three months. Company insiders own 2.30% of the company's stock.

Institutional Trading of Varonis Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Advisory Inc. bought a new stake in shares of Varonis Systems in the 1st quarter valued at about $346,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Varonis Systems by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock valued at $352,000 after acquiring an additional 1,323 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Varonis Systems by 14.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock valued at $64,904,000 after acquiring an additional 205,781 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Varonis Systems by 52.2% in the 1st quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock valued at $62,376,000 after acquiring an additional 529,182 shares during the last quarter. Finally, Legacy Advisors LLC increased its stake in shares of Varonis Systems by 164.5% in the 1st quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock valued at $853,000 after acquiring an additional 13,115 shares during the last quarter. 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.

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