Q2 Earnings Forecast for Varonis Systems Issued By Wedbush

Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) - Wedbush issued their Q2 2026 EPS estimates for shares of Varonis Systems in a report released on Wednesday, February 5th. Wedbush analyst D. Ives anticipates that the technology company will post earnings per share of ($0.22) for the quarter. 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 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 return on equity of 20.45% and a negative net margin of 17.38%.

A number of other equities research analysts also recently weighed in on VRNS. Needham & Company LLC restated a "buy" rating and set a $67.00 target price on shares of Varonis Systems in a research report on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of Varonis Systems from $60.00 to $50.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Cantor Fitzgerald started coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They set an "overweight" rating and a $60.00 price target for the company. Robert W. Baird raised 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $65.00 target price on shares of Varonis Systems in a research report on Wednesday, October 30th. Five equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Varonis Systems Trading Up 0.2 %

VRNS stock traded up $0.07 during trading on Friday, hitting $43.09. The company had a trading volume of 990,744 shares, compared to its average volume of 2,070,754. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -50.04 and a beta of 0.83. 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 firm has a 50-day moving average price of $45.68 and a 200-day moving average price of $51.24. Varonis Systems has a 12 month low of $39.62 and a 12 month high of $60.58.

Varonis Systems announced that its board has initiated a stock repurchase plan 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 plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

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

Hedge Funds Weigh In On Varonis Systems

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