Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Varonis Systems, Inc. (NASDAQ:VRNSGet Rating) by 33.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,966 shares of the technology company’s stock after purchasing an additional 8,458 shares during the period. SG Americas Securities LLC’s holdings in Varonis Systems were worth $901,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Mackenzie Financial Corp boosted its stake in shares of Varonis Systems by 5.6% in the first quarter. Mackenzie Financial Corp now owns 6,103 shares of the technology company’s stock valued at $290,000 after buying an additional 325 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Varonis Systems by 35.9% in the first quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock valued at $66,000 after buying an additional 366 shares in the last quarter. Strs Ohio boosted its stake in shares of Varonis Systems by 5.8% in the second quarter. Strs Ohio now owns 11,000 shares of the technology company’s stock valued at $322,000 after buying an additional 600 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Varonis Systems by 59.4% in the second quarter. Harbor Investment Advisory LLC now owns 1,776 shares of the technology company’s stock valued at $52,000 after buying an additional 662 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Varonis Systems by 1.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 43,698 shares of the technology company’s stock valued at $1,281,000 after buying an additional 803 shares in the last quarter. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Stock Performance

Shares of VRNS opened at $25.20 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.38 and a current ratio of 4.38. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -19.84 and a beta of 0.89. The company’s 50 day simple moving average is $22.64 and its 200 day simple moving average is $25.53. Varonis Systems, Inc. has a 1 year low of $15.61 and a 1 year high of $51.60.

Varonis Systems (NASDAQ:VRNSGet Rating) last announced its quarterly earnings data on Monday, October 31st. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). The firm had revenue of $123.31 million for the quarter, compared to analysts’ expectations of $124.63 million. Varonis Systems had a negative net margin of 30.31% and a negative return on equity of 24.11%. On average, sell-side analysts predict that Varonis Systems, Inc. will post -0.99 EPS for the current year.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed purchased 14,285 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average price of $17.50 per share, with a total value of $249,987.50. Following the completion of the transaction, the chief financial officer now owns 465,951 shares of the company’s stock, valued at approximately $8,154,142.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Avrohom J. Kess purchased 1,650 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average price of $17.46 per share, with a total value of $28,809.00. Following the completion of the transaction, the director now owns 10,460 shares of the company’s stock, valued at approximately $182,631.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Guy Melamed purchased 14,285 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The shares were bought at an average cost of $17.50 per share, with a total value of $249,987.50. Following the transaction, the chief financial officer now directly owns 465,951 shares of the company’s stock, valued at approximately $8,154,142.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 100,335 shares of company stock valued at $1,782,197. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

VRNS has been the topic of a number of analyst reports. Royal Bank of Canada decreased their price target on Varonis Systems from $35.00 to $29.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 1st. Jefferies Financial Group cut Varonis Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $30.00 to $26.00 in a report on Thursday, January 5th. Barclays lifted their price objective on Varonis Systems from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 11th. Morgan Stanley reduced their price objective on Varonis Systems from $32.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, November 1st. Finally, Wells Fargo & Company cut Varonis Systems from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $35.00 to $24.00 in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Varonis Systems currently has an average rating of “Hold” and a consensus price target of $30.19.

About Varonis Systems

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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.

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

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