Xponance Inc. Invests $300,000 in Varonis Systems, Inc. (NASDAQ:VRNS)

Xponance Inc. acquired a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,627 shares of the technology company’s stock, valued at approximately $300,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Varonis Systems by 1,779.2% during the 4th 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 last quarter. Cerity Partners LLC purchased a new stake in Varonis Systems in the fourth quarter valued at $219,000. Strs Ohio lifted its position in Varonis Systems by 45.8% in the third quarter. Strs Ohio now owns 7,000 shares of the technology company’s stock valued at $213,000 after acquiring an additional 2,200 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Varonis Systems by 4.4% in the third quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company’s stock valued at $260,000 after acquiring an additional 356 shares during the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in Varonis Systems in the third quarter valued at $308,000. 95.65% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Stock Up 1.1 %

Shares of Varonis Systems stock opened at $45.33 on Friday. Varonis Systems, Inc. has a 52-week low of $22.34 and a 52-week high of $52.88. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $47.54 and its 200-day simple moving average is $43.64.

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

Insider Transactions at Varonis Systems

In other Varonis Systems news, VP Dov Gottlieb sold 43,091 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the transaction, the vice president now directly owns 227,654 shares in the company, valued at $10,931,945.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Varonis Systems news, VP Dov Gottlieb sold 43,091 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the transaction, the vice president now directly owns 227,654 shares in the company, valued at $10,931,945.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ofer Segev sold 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $52.13, for a total transaction of $260,650.00. Following the transaction, the director now owns 75,682 shares in the company, valued at $3,945,302.66. The disclosure for this sale can be found here. Insiders have sold a total of 372,419 shares of company stock worth $18,571,413 over the last ninety days. 2.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VRNS has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of Varonis Systems from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Truist Financial reissued a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Varonis Systems in a research report on Wednesday, March 13th. JMP Securities reissued a “market outperform” rating and issued a $63.00 price target on shares of Varonis Systems in a research report on Monday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Varonis Systems from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $45.00 price target (up from $37.00) on shares of Varonis Systems in a research report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.81.

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.