Analysts Issue Forecasts for Varonis Systems Q1 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for Varonis Systems in a report issued on Wednesday, February 5th. DA Davidson analyst R. Kessinger expects that the technology company will post earnings per share of ($0.30) 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) 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%.

Several other brokerages also recently commented on VRNS. Jefferies Financial Group reduced their target price on shares of Varonis Systems from $60.00 to $50.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Robert W. Baird upped their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald assumed coverage on shares of Varonis Systems in a research note on Thursday, January 9th. They set an "overweight" rating and a $60.00 target price on the stock. UBS Group upped 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. Finally, Royal Bank of Canada restated an "outperform" rating and set a $65.00 price target on shares of Varonis Systems in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Varonis Systems Stock Up 1.3 %

Shares of NASDAQ:VRNS traded up $0.55 during midday trading on Monday, reaching $43.72. 1,205,363 shares of the company were exchanged, compared to its average volume of 2,081,788. Varonis Systems has a fifty-two week low of $39.62 and a fifty-two week 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. The stock has a fifty day simple moving average of $45.23 and a two-hundred day simple moving average of $51.12. The firm has a market cap of $4.92 billion, a PE ratio of -50.84 and a beta of 0.83.

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds have recently bought and sold shares of VRNS. Norges Bank purchased a new position in Varonis Systems during the 4th quarter worth approximately $56,561,000. Groupama Asset Managment acquired a new position in shares of Varonis Systems in the fourth quarter worth $55,538,000. Assenagon Asset Management S.A. grew its position in shares of Varonis Systems by 761.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock valued at $50,026,000 after purchasing an additional 995,274 shares during the period. Renaissance Technologies LLC grew its position in shares of Varonis Systems by 11,353.2% in the fourth quarter. Renaissance Technologies LLC now owns 538,300 shares of the technology company's stock valued at $23,917,000 after purchasing an additional 533,600 shares during the period. Finally, Bank of Montreal Can grew its position in Varonis Systems by 114.1% during the fourth quarter. Bank of Montreal Can now owns 979,769 shares of the technology company's stock valued at $43,531,000 after acquiring an additional 522,075 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems declared that its board has approved a stock buyback 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 typically an indication that the company's board believes its stock is 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.