DA Davidson Reduces Earnings Estimates for Varonis Systems

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Equities researchers at DA Davidson cut their FY2025 earnings estimates for Varonis Systems in a research note issued to investors on Wednesday, February 5th. DA Davidson analyst R. Kessinger now expects that the technology company will post earnings of ($0.84) per share for the year, down from their prior estimate of ($0.66). DA Davidson has a "Neutral" rating and a $47.00 price target on the stock. The consensus estimate for Varonis Systems' current full-year earnings is ($0.74) per share. DA Davidson also issued estimates for Varonis Systems' FY2026 earnings at ($0.72) EPS.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate 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%.

A number of other equities analysts have also recently issued reports on VRNS. JPMorgan Chase & Co. increased their target price on Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. Robert W. Baird lifted their price target on Varonis Systems from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. UBS Group boosted their target price on Varonis Systems from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered their price objective on Varonis Systems from $60.00 to $50.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Finally, Citigroup lowered their price objective on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Varonis Systems Trading Up 0.2 %

Shares of Varonis Systems stock traded up $0.07 on Friday, hitting $43.09. The stock had a trading volume of 990,744 shares, compared to its average volume of 2,070,754. The firm has a market capitalization of $4.85 billion, a P/E ratio of -50.04 and a beta of 0.83. The stock has a 50 day moving average of $45.68 and a 200 day moving average of $51.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems has a twelve month low of $39.62 and a twelve month high of $60.58.

Varonis Systems declared that its board has initiated a stock buyback program on Monday, February 10th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 504,598 shares of the company's stock, valued at $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP boosted its holdings in Varonis Systems by 61.4% in the third quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company's stock valued at $6,422,000 after purchasing an additional 43,258 shares during the period. Lisanti Capital Growth LLC increased its position in shares of Varonis Systems by 17.0% during the third quarter. Lisanti Capital Growth LLC now owns 74,305 shares of the technology company's stock worth $4,198,000 after purchasing an additional 10,820 shares in the last quarter. Vontobel Holding Ltd. increased 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 valued at $1,164,000 after acquiring an additional 14,295 shares during the period. Allspring Global Investments Holdings LLC increased 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 valued at $19,802,000 after acquiring an additional 44,826 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Varonis Systems in the 3rd quarter valued at about $1,872,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

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.