Cantor Fitzgerald Predicts Varonis Systems FY2025 Earnings

Varonis Systems, Inc. (NASDAQ:VRNS) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Varonis Systems in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst J. Ruykhaver expects that the technology company will post earnings per share of ($0.69) for the year. 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 ($0.70) per share.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The company had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The business’s revenue was up 21.1% on a year-over-year basis.

A number of other analysts have also weighed in on the stock. UBS Group raised their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Robert W. Baird upped their price target on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note 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, DA Davidson reduced their target price 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. 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 company. According to data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and an average target price of $59.44.

Varonis Systems Stock Performance

VRNS opened at $45.48 on Wednesday. Varonis Systems has a 1-year low of $41.13 and a 1-year high of $60.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $51.60.

Institutional Trading of Varonis Systems

Several hedge funds and other institutional investors have recently modified their holdings of VRNS. Geode Capital Management LLC raised its position in Varonis Systems by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,615,462 shares of the technology company’s stock valued at $147,801,000 after buying an additional 29,050 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Varonis Systems by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company’s stock worth $100,789,000 after acquiring an additional 147,081 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Varonis Systems by 761.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock valued at $50,026,000 after purchasing an additional 995,274 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Varonis Systems by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 962,923 shares of the technology company’s stock valued at $54,405,000 after purchasing an additional 59,218 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Varonis Systems by 46.7% in the third quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock worth $47,415,000 after purchasing an additional 267,000 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Transactions at Varonis Systems

In related news, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value 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 approximately $27,096,912.60. This represents a 15.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

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.