Varonis Systems (NASDAQ:VRNS) Issues Quarterly Earnings Results

Varonis Systems (NASDAQ:VRNS) released its quarterly earnings data on Tuesday. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24), Zacks reports. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. Varonis Systems updated its FY 2025 guidance to 0.130-0.170 EPS and its Q1 2025 guidance to -0.060–0.040 EPS.

Varonis Systems Price Performance

Shares of Varonis Systems stock opened at $46.84 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50-day moving average price of $46.19 and a 200 day moving average price of $51.36. Varonis Systems has a fifty-two week low of $41.13 and a fifty-two week high of $60.58.

Insider Transactions at Varonis Systems

In other news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VRNS shares. Piper Sandler reduced their price target on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Cantor Fitzgerald started coverage on shares of Varonis Systems in a report on Thursday, January 9th. They set an “overweight” rating and a $60.00 target price on the stock. DA Davidson lowered their price target on Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 price objective on shares of Varonis Systems in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $67.00 target price on shares of Varonis Systems in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $59.44.

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.