DA Davidson Reduces Earnings Estimates for Varonis Systems

Varonis Systems, Inc. (NASDAQ:VRNS) – DA Davidson lowered their Q3 2025 earnings estimates for Varonis Systems in a report issued on Wednesday, September 3rd. DA Davidson analyst R. Kessinger now forecasts that the technology company will post earnings of ($0.20) per share for the quarter, down from their previous estimate of ($0.18). DA Davidson currently has a “Neutral” rating and a $50.00 target price on the stock. The consensus estimate for Varonis Systems’ current full-year earnings is ($0.83) per share. DA Davidson also issued estimates for Varonis Systems’ FY2025 earnings at ($0.90) EPS and FY2026 earnings at ($0.84) EPS.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS.

VRNS has been the topic of a number of other research reports. Robert W. Baird upped their price target on shares of Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 price target on shares of Varonis Systems in a research note on Tuesday, July 22nd. Jefferies Financial Group upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. Barclays boosted their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, B. Riley started coverage on shares of Varonis Systems in a report on Tuesday, August 26th. They issued a “buy” rating and a $80.00 price target on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.65.

Varonis Systems Price Performance

VRNS stock opened at $56.03 on Friday. The company has a market capitalization of $6.28 billion, a PE ratio of -60.90 and a beta of 0.67. The company’s fifty day moving average price is $54.60 and its 200-day moving average price is $47.73. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. Varonis Systems has a one year low of $36.53 and a one year high of $60.58.

Hedge Funds Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in Varonis Systems by 10.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,647 shares of the technology company’s stock worth $234,000 after buying an additional 440 shares during the period. State of Wyoming grew its stake in shares of Varonis Systems by 1,516.5% during the 2nd quarter. State of Wyoming now owns 13,546 shares of the technology company’s stock worth $687,000 after purchasing an additional 12,708 shares during the period. Castleark Management LLC acquired a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $4,359,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Varonis Systems by 3.4% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 209,656 shares of the technology company’s stock worth $10,633,000 after purchasing an additional 6,841 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Varonis Systems by 449.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,081 shares of the technology company’s stock worth $816,000 after purchasing an additional 13,155 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed sold 51,889 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the transaction, the chief financial officer directly owned 470,602 shares of the company’s stock, valued at $25,930,170.20. This trade represents a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the transaction, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,386 shares of company stock valued at $6,429,405 over the last ninety days. 2.30% 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.