Cantor Fitzgerald Weighs in on Varonis Systems FY2025 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Cantor Fitzgerald issued their FY2025 EPS estimates for shares of Varonis Systems in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst J. Ruykhaver forecasts that the technology company will post earnings of ($0.69) per share for the year. 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 ($0.70) per share.

Other research analysts have also recently issued research reports about the stock. DA Davidson dropped their price target on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Varonis Systems from $59.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. UBS Group upped their price target on Varonis Systems from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Robert W. Baird lifted their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 target price on shares of Varonis Systems in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.44.

Varonis Systems Stock Performance

NASDAQ VRNS traded down $0.48 during trading hours on Wednesday, hitting $45.00. 493,427 shares of the company's stock traded hands, compared to its average volume of 1,473,487. Varonis Systems has a 52 week low of $41.13 and a 52 week high of $60.58. The firm has a market capitalization of $5.06 billion, a P/E ratio of -59.96 and a beta of 0.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. The business's fifty day moving average price is $47.41 and its two-hundred day moving average price is $51.60.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $148.07 million for the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. Varonis Systems's revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.22) earnings per share.

Institutional Investors Weigh In On Varonis Systems

A number of hedge funds have recently bought and sold shares of VRNS. Renaissance Technologies LLC raised its position in shares of Varonis Systems by 21.7% during the 2nd quarter. Renaissance Technologies LLC now owns 197,100 shares of the technology company's stock valued at $9,455,000 after buying an additional 35,200 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Varonis Systems during the second quarter valued at approximately $215,000. Hsbc Holdings PLC lifted its stake in shares of Varonis Systems by 127.4% in the 2nd quarter. Hsbc Holdings PLC now owns 56,409 shares of the technology company's stock valued at $2,673,000 after purchasing an additional 31,600 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Varonis Systems in the 2nd quarter worth approximately $390,000. Finally, Bank of Montreal Can raised its holdings in Varonis Systems by 12.1% during the 2nd quarter. Bank of Montreal Can now owns 646,261 shares of the technology company's stock valued at $31,098,000 after buying an additional 69,827 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 stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the completion of the transaction, the chief financial officer now directly owns 504,598 shares in the company, valued at approximately $27,096,912.60. This represents a 15.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.60% 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.