Varonis Systems, Inc. $VRNS Shares Bought by Rhumbline Advisers

by · The Cerbat Gem

Rhumbline Advisers raised its position in Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 173,984 shares of the technology company’s stock after buying an additional 9,404 shares during the quarter. Rhumbline Advisers’ holdings in Varonis Systems were worth $7,038,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in VRNS. Captrust Financial Advisors boosted its position in shares of Varonis Systems by 66.6% during the 4th quarter. Captrust Financial Advisors now owns 13,765 shares of the technology company’s stock worth $612,000 after purchasing an additional 5,502 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in shares of Varonis Systems by 11.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 51,230 shares of the technology company’s stock worth $2,276,000 after purchasing an additional 5,419 shares in the last quarter. Occudo Quantitative Strategies LP boosted its position in shares of Varonis Systems by 5.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 10,871 shares of the technology company’s stock worth $483,000 after purchasing an additional 540 shares in the last quarter. Man Group plc boosted its position in shares of Varonis Systems by 128.0% during the 4th quarter. Man Group plc now owns 352,629 shares of the technology company’s stock worth $15,667,000 after purchasing an additional 198,001 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Varonis Systems by 47.9% during the 4th quarter. ProShare Advisors LLC now owns 31,363 shares of the technology company’s stock worth $1,393,000 after purchasing an additional 10,157 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on VRNS shares. Wells Fargo & Company upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $70.00 in a research report on Monday, August 11th. UBS Group boosted their price objective on shares of Varonis Systems from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Morgan Stanley boosted their price objective on shares of Varonis Systems from $59.00 to $66.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $64.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. Finally, DA Davidson upped their price objective on shares of Varonis Systems from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.65.

Read Our Latest Report on Varonis Systems

Insider Buying and Selling

In other Varonis Systems news, CFO Guy Melamed sold 51,889 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was 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 owned 470,602 shares in the company, valued at $25,930,170.20. This represents a 9.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the transaction, the director owned 128,666 shares of the company’s stock, valued at approximately $7,086,923.28. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,386 shares of company stock valued at $6,429,405. 2.30% of the stock is owned by company insiders.

Varonis Systems Stock Up 1.5%

VRNS opened at $57.19 on Friday. The firm has a 50 day moving average price of $55.13 and a 200 day moving average price of $48.12. The company has a market cap of $6.41 billion, a PE ratio of -62.16 and a beta of 0.67. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58. 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 (NASDAQ:VRNS – Get Free Report) last posted its earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Sell-side analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems Profile

(Free Report)

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.

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