DA Davidson Weighs in on Varonis Systems Q4 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for Varonis Systems in a research report issued on Wednesday, October 30th. DA Davidson analyst R. Kessinger expects that the technology company will earn ($0.15) per share for the quarter. The consensus estimate for Varonis Systems' current full-year earnings is ($0.83) per share.

Other equities analysts also recently issued research reports about the stock. Wedbush restated an "outperform" rating and set a $67.00 price objective on shares of Varonis Systems in a report on Monday, August 26th. JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the company an "overweight" rating in a report on Monday. Royal Bank of Canada restated an "outperform" rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday. 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 report on Wednesday, October 23rd. Finally, Susquehanna upped their price objective on shares of Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.75.

Varonis Systems Stock Down 4.0 %

Shares of VRNS stock traded down $2.11 during mid-day trading on Thursday, hitting $50.37. 3,117,279 shares of the stock traded hands, compared to its average volume of 1,332,400. The stock has a market cap of $5.62 billion, a P/E ratio of -53.59 and a beta of 0.82. The stock's fifty day moving average is $56.10 and its two-hundred day moving average is $49.99. Varonis Systems has a 52-week low of $31.56 and a 52-week high of $60.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.44 and a quick ratio of 2.44.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $130.35 million during the quarter, compared to analyst estimates of $124.83 million. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. The company's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.35) earnings per share.

Institutional Investors Weigh In On Varonis Systems

Several institutional investors have recently bought and sold shares of the company. EFG Asset Management North America Corp. boosted its holdings in shares of Varonis Systems by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 45,469 shares of the technology company's stock worth $2,181,000 after purchasing an additional 216 shares during the last quarter. O Neil Global Advisors Inc. raised its position in Varonis Systems by 4.8% in the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company's stock valued at $229,000 after purchasing an additional 220 shares during the period. Hanseatic Management Services Inc. increased its position in shares of Varonis Systems by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 16,051 shares of the technology company's stock worth $770,000 after acquiring an additional 275 shares during the period. Xponance Inc. increased its position in shares of Varonis Systems by 5.6% during the second quarter. Xponance Inc. now owns 6,975 shares of the technology company's stock worth $335,000 after acquiring an additional 367 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Varonis Systems by 3.5% during the second quarter. Natixis Advisors LLC now owns 11,925 shares of the technology company's stock worth $572,000 after acquiring an additional 401 shares during the period. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Varonis Systems news, Vice Chairman James O'boyle sold 50,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the transaction, the insider now directly owns 444,114 shares of the company's stock, valued at $26,540,252.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

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.