DA Davidson Forecasts Varonis Systems Q1 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for shares of Varonis Systems in a research report issued on Wednesday, February 5th. DA Davidson analyst R. Kessinger anticipates that the technology company will earn ($0.30) per share for the quarter. DA Davidson currently has a “Neutral” rating and a $47.00 target price on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.74) per share.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.45%.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. Piper Sandler cut their price objective on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Citigroup cut their price objective on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Varonis Systems in a report on Wednesday, February 5th. Finally, UBS Group raised their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Varonis Systems Stock Up 6.0 %

Varonis Systems stock opened at $43.02 on Monday. The firm has a 50 day moving average price of $45.68 and a 200-day moving average price of $51.24. The company has a market capitalization of $4.84 billion, a P/E ratio of -50.02 and a beta of 0.83. Varonis Systems has a twelve month low of $39.62 and a twelve month high of $60.58. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05.

Institutional Trading of Varonis Systems

Several institutional investors and hedge funds have recently made changes to their positions in VRNS. Creative Planning raised its position in Varonis Systems by 66.4% in the 3rd quarter. Creative Planning now owns 24,265 shares of the technology company’s stock worth $1,371,000 after purchasing an additional 9,681 shares during the period. Vontobel Holding Ltd. raised its position in Varonis Systems by 226.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 20,595 shares of the technology company’s stock worth $1,164,000 after purchasing an additional 14,295 shares during the period. nVerses Capital LLC purchased a new position in Varonis Systems in the 3rd quarter worth $446,000. Compass Wealth Management LLC raised its position in Varonis Systems by 26.6% in the 3rd quarter. Compass Wealth Management LLC now owns 75,693 shares of the technology company’s stock worth $4,277,000 after purchasing an additional 15,900 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Varonis Systems by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company’s stock worth $19,802,000 after purchasing an additional 44,826 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Insider Activity

In other news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

Varonis Systems declared that its Board of Directors has approved a share repurchase program on Monday, February 10th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.