Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. reduced its position in Varonis Systems, Inc. (NASDAQ:VRNSGet Rating) by 65.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,376 shares of the technology company’s stock after selling 2,584 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Varonis Systems were worth $65,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Financial Solutions LLC lifted its stake in shares of Varonis Systems by 6.1% in the 4th quarter. Main Street Financial Solutions LLC now owns 5,253 shares of the technology company’s stock valued at $256,000 after purchasing an additional 300 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Varonis Systems by 2.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 18,700 shares of the technology company’s stock valued at $912,000 after purchasing an additional 400 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Varonis Systems by 3.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,005 shares of the technology company’s stock valued at $713,000 after buying an additional 496 shares during the period. Parallel Advisors LLC raised its holdings in shares of Varonis Systems by 140.5% during the 1st quarter. Parallel Advisors LLC now owns 885 shares of the technology company’s stock valued at $42,000 after buying an additional 517 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Varonis Systems during the 1st quarter valued at about $25,000. 93.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Varonis Systems

In other Varonis Systems news, VP Dov Gottlieb sold 8,907 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $33.07, for a total transaction of $294,554.49. Following the completion of the transaction, the vice president now owns 161,722 shares in the company, valued at approximately $5,348,146.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Dov Gottlieb sold 8,907 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $33.07, for a total value of $294,554.49. Following the sale, the vice president now owns 161,722 shares of the company’s stock, valued at approximately $5,348,146.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ofer Segev sold 1,500 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $31.48, for a total value of $47,220.00. Following the completion of the sale, the director now directly owns 75,410 shares in the company, valued at approximately $2,373,906.80. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $25.39 on Tuesday. Varonis Systems, Inc. has a twelve month low of $24.58 and a twelve month high of $73.46. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -20.98 and a beta of 1.17. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $30.53 and a 200-day simple moving average of $37.15.

Varonis Systems (NASDAQ:VRNSGet Rating) last released its quarterly earnings data on Monday, May 2nd. The technology company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.10). Varonis Systems had a negative net margin of 31.58% and a negative return on equity of 19.97%. The company had revenue of $96.26 million for the quarter, compared to analyst estimates of $96.00 million. During the same quarter in the prior year, the firm earned ($0.34) EPS. As a group, equities research analysts expect that Varonis Systems, Inc. will post -0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VRNS. Summit Insights reiterated a “buy” rating on shares of Varonis Systems in a report on Monday, May 2nd. Wolfe Research downgraded Varonis Systems from an “outperform” rating to a “peer perform” rating in a report on Monday, July 25th. Piper Sandler dropped their price objective on Varonis Systems from $55.00 to $45.00 in a report on Wednesday, July 13th. Barclays dropped their price objective on Varonis Systems from $46.00 to $36.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 12th. Finally, Jefferies Financial Group dropped their price objective on Varonis Systems from $65.00 to $40.00 in a report on Monday, May 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.15.

Varonis Systems Company Profile

(Get Rating)

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; strategic and product plans; and other intellectual property.

See Also

Want to see what other hedge funds are holding VRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems, Inc. (NASDAQ:VRNSGet Rating).

Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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