Amundi Sells 520 Shares of Varonis Systems, Inc. $VRNS

Amundi cut its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,770 shares of the technology company’s stock after selling 520 shares during the quarter. Amundi owned approximately 0.05% of Varonis Systems worth $2,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRNS. Quarry LP boosted its stake in Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after purchasing an additional 261 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Varonis Systems in the 1st quarter worth approximately $69,000. NBC Securities Inc. boosted its stake in Varonis Systems by 100,200.0% in the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company’s stock worth $81,000 after purchasing an additional 2,004 shares during the period. Raiffeisen Bank International AG bought a new position in Varonis Systems in the 4th quarter worth approximately $163,000. Finally, PNC Financial Services Group Inc. boosted its stake in Varonis Systems by 45.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,401 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Up 1.5%

Shares of VRNS opened at $57.19 on Friday. The company has a market cap of $6.41 billion, a PE ratio of -62.16 and a beta of 0.67. The business has a fifty day moving average of $55.13 and a 200 day moving average of $48.12. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. During the same period last year, the company earned $0.05 earnings per share. Varonis Systems’s revenue was up 16.7% on a year-over-year basis. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Insiders Place Their Bets

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the sale, the director owned 128,666 shares in the company, valued at $7,086,923.28. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Guy Melamed sold 1,500 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $59.59, for a total value of $89,385.00. Following the completion of the sale, the chief financial officer owned 412,105 shares in the company, valued at approximately $24,557,336.95. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,386 shares of company stock worth $6,429,405. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. DA Davidson upped their price objective on Varonis Systems from $47.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $51.00 to $70.00 in a report on Monday, August 11th. Barclays upped their price objective on Varonis Systems from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. UBS Group upped their price objective on Varonis Systems from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Morgan Stanley upped their price objective on Varonis Systems from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus target price of $61.65.

Varonis Systems 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.