Varonis Systems FY2025 EPS Decreased by Cantor Fitzgerald

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Equities researchers at Cantor Fitzgerald decreased their FY2025 earnings estimates for Varonis Systems in a research report issued to clients and investors on Wednesday, February 5th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the technology company will post earnings per share of ($0.81) for the year, down from their previous estimate of ($0.69). 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 ($0.74) per share.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced 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 analysts have also recently weighed in 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. Piper Sandler reduced their target price 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 reduced their target price 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. Robert W. Baird raised their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Finally, Needham & Company LLC restated a "buy" rating and set a $67.00 target price on shares of Varonis Systems in a report on Wednesday, February 5th. Five investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.38.

Varonis Systems Stock Performance

Shares of NASDAQ:VRNS traded up $0.07 during trading hours 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 stock's fifty day simple moving average is $45.68 and its 200 day simple moving average is $51.24. Varonis Systems has a 1-year low of $39.62 and a 1-year high of $60.58. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -50.04 and a beta of 0.83. 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 declared that its board has initiated a stock repurchase program on Monday, February 10th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VRNS. Farther Finance Advisors LLC raised its holdings in Varonis Systems by 445.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company's stock worth $29,000 after acquiring an additional 423 shares during the period. Pacer Advisors Inc. raised its holdings in Varonis Systems by 29.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock worth $118,000 after acquiring an additional 603 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company's stock worth $140,000 after purchasing an additional 2,442 shares during the period. KBC Group NV increased its holdings in shares of Varonis Systems by 25.5% during the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company's stock worth $184,000 after purchasing an additional 663 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Varonis Systems during the 3rd quarter worth about $184,000. Institutional investors own 95.65% 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.