Vontobel Holding Ltd. Has $285,000 Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Vontobel Holding Ltd. lowered its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the technology company’s stock after selling 3,150 shares during the quarter. Vontobel Holding Ltd.’s holdings in Varonis Systems were worth $285,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of Varonis Systems by 1,779.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock worth $90,000 after purchasing an additional 1,886 shares during the period. Cerity Partners LLC bought a new position in shares of Varonis Systems during the fourth quarter worth about $219,000. Strs Ohio grew its holdings in shares of Varonis Systems by 45.8% during the third quarter. Strs Ohio now owns 7,000 shares of the technology company’s stock worth $213,000 after buying an additional 2,200 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Varonis Systems by 4.4% during the third quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company’s stock worth $260,000 after buying an additional 356 shares in the last quarter. Finally, Natixis Advisors L.P. bought a new position in shares of Varonis Systems during the third quarter worth about $308,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Analyst Upgrades and Downgrades

VRNS has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating and set a $45.00 price objective (up from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Piper Sandler increased their price objective on Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Wedbush upgraded Varonis Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $35.00 to $65.00 in a report on Tuesday, February 6th. Robert W. Baird increased their price objective on Varonis Systems from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Finally, Truist Financial restated a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Varonis Systems in a research note on Wednesday, March 13th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.81.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $44.79 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems, Inc. has a 12 month low of $22.34 and a 12 month high of $52.88. The stock has a 50 day moving average of $47.83 and a 200-day moving average of $43.42.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The business had revenue of $154.10 million during the quarter, compared to analysts’ expectations of $151.64 million. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. On average, equities analysts expect that Varonis Systems, Inc. will post -0.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ofer Segev sold 5,000 shares of Varonis Systems stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.13, for a total transaction of $260,650.00. Following the completion of the sale, the director now directly owns 75,682 shares of the company’s stock, valued at approximately $3,945,302.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Ofer Segev sold 5,000 shares of Varonis Systems stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.13, for a total transaction of $260,650.00. Following the completion of the sale, the director now directly owns 75,682 shares of the company’s stock, valued at approximately $3,945,302.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Guy Melamed sold 188,503 shares of Varonis Systems stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $49.88, for a total value of $9,402,529.64. Following the completion of the transaction, the chief financial officer now directly owns 645,876 shares of the company’s stock, valued at $32,216,294.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,419 shares of company stock valued at $18,571,413. Insiders own 2.40% of the company’s stock.

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.