GAMMA Investing LLC Purchases 13,868 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

GAMMA Investing LLC increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 4,782.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,158 shares of the technology company’s stock after buying an additional 13,868 shares during the quarter. GAMMA Investing LLC’s holdings in Varonis Systems were worth $573,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Varonis Systems in the fourth quarter valued at $36,000. Johnson Financial Group Inc. bought a new position in Varonis Systems during the fourth quarter worth about $61,000. Transce3nd LLC acquired a new position in Varonis Systems in the fourth quarter valued at about $62,000. New Age Alpha Advisors LLC acquired a new position in Varonis Systems in the fourth quarter valued at about $70,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Varonis Systems in the fourth quarter valued at about $163,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Trading Up 0.1%

NASDAQ VRNS opened at $49.71 on Thursday. The business has a 50 day simple moving average of $45.38 and a 200 day simple moving average of $44.31. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The stock has a market capitalization of $5.56 billion, a P/E ratio of -61.37 and a beta of 0.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.15 and a quick ratio of 1.15.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative net margin of 15.88% and a negative return on equity of 20.01%. The firm had revenue of $136.42 million for the quarter, compared to the consensus estimate of $133.10 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company’s revenue was up 19.6% compared to the same quarter last year. Research analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Insider Activity at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $300,000.00. Following the transaction, the director now directly owns 131,666 shares in the company, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on VRNS. Morgan Stanley cut their price target on Varonis Systems from $54.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Royal Bank Of Canada upped their target price on Varonis Systems from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Jefferies Financial Group decreased their target price on Varonis Systems from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Wall Street Zen raised Varonis Systems from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Finally, Wolfe Research raised Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Friday, March 28th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.06.

About Varonis Systems

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.