FY2025 EPS Forecast for Varonis Systems Lowered by Analyst

Varonis Systems, Inc. (NASDAQ:VRNS) – Investment analysts at Cantor Fitzgerald lowered their FY2025 earnings per share estimates for Varonis Systems in a note issued to 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 currently has a “Overweight” rating and a $60.00 target price on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.83) per share.

A number of other brokerages have also issued reports on VRNS. Wall Street Zen raised Varonis Systems from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Morgan Stanley decreased their price target on Varonis Systems from $54.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. UBS Group raised their price target on Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Jefferies Financial Group decreased their price target on Varonis Systems from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Finally, Wolfe Research upgraded Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Friday, March 28th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus target price of $55.06.

Varonis Systems Stock Down 0.6%

Shares of Varonis Systems stock opened at $49.02 on Thursday. The business’s 50 day simple moving average is $44.76 and its 200 day simple moving average is $44.36. Varonis Systems has a 52-week low of $36.53 and a 52-week high of $60.58. The firm has a market cap of $5.49 billion, a PE ratio of -57.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.26). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The firm had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. During the same period in the prior year, the business posted ($0.03) EPS. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year.

Hedge Funds Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Varonis Systems during the 4th quarter worth $36,000. Johnson Financial Group Inc. acquired a new position in shares of Varonis Systems during the 4th quarter worth $61,000. Transce3nd LLC acquired a new position in shares of Varonis Systems during the 4th quarter worth $62,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Varonis Systems during the 1st quarter worth $69,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Varonis Systems during the 4th quarter worth $70,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of Varonis Systems stock in a transaction 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 completion of the transaction, the director now directly owns 131,666 shares of the company’s stock, valued at $6,583,300. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.