Cantor Fitzgerald Predicts Varonis Systems FY2025 Earnings

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) - Stock analysts at Cantor Fitzgerald decreased their FY2025 earnings estimates for Varonis Systems in a research report issued to clients and investors on Thursday, September 4th. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the technology company will post earnings of ($0.91) per share for the year, down from their previous estimate 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.

A number of other research firms also recently issued reports on VRNS. Susquehanna upped their price target 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. DA Davidson upped their price target on shares of Varonis Systems from $47.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Morgan Stanley upped their price target on shares of Varonis Systems from $59.00 to $66.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Jefferies Financial Group raised shares of Varonis Systems from a "hold" rating to a "buy" rating and upped their price target for the company from $50.00 to $65.00 in a research note on Thursday, July 24th. Finally, B. Riley initiated coverage on shares of Varonis Systems in a research note on Tuesday, August 26th. They set a "buy" rating and a $80.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.65.

Varonis Systems Stock Performance

NASDAQ VRNS traded down $0.99 during trading hours on Monday, hitting $56.20. 748,554 shares of the company's stock traded hands, compared to its average volume of 1,271,580. The firm has a market capitalization of $6.30 billion, a P/E ratio of -61.09 and a beta of 0.67. Varonis Systems has a 52 week low of $36.53 and a 52 week high of $60.58. The business's fifty day moving average price is $55.23 and its two-hundred day moving average price is $48.21. 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 quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $152.16 million during the quarter, compared to analysts' expectations of $147.80 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS.

Hedge Funds Weigh In On Varonis Systems

Several institutional investors have recently made changes to their positions in VRNS. Bessemer Group Inc. increased its holdings in shares of Varonis Systems by 179.1% during the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company's stock valued at $25,000 after purchasing an additional 317 shares in the last quarter. Quarry LP boosted its stake in 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 purchasing an additional 261 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Varonis Systems by 344.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company's stock worth $62,000 after purchasing an additional 940 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Varonis Systems during the 1st quarter worth $69,000. Finally, NBC Securities Inc. boosted its stake in Varonis Systems by 100,200.0% during the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock worth $81,000 after purchasing an additional 2,004 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the transaction, the director directly owned 128,666 shares of the company's stock, valued at $7,086,923.28. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Guy Melamed sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $59.59, for a total transaction of $89,385.00. Following the transaction, 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 sold a total of 113,386 shares of company stock worth $6,429,405 over the last 90 days. Company insiders own 2.30% of the company's stock.

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.