Varonis Systems, Inc. $VRNS Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 48.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,562 shares of the technology company’s stock after buying an additional 4,097 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Varonis Systems were worth $638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP grew its stake in shares of Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after purchasing an additional 261 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems in the first quarter worth $69,000. PNC Financial Services Group Inc. grew its stake in shares of Varonis Systems by 45.2% in the first 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 in the last quarter. Caxton Associates LLP bought a new position in shares of Varonis Systems in the first quarter worth $200,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Varonis Systems in the fourth quarter worth $207,000. Institutional investors own 95.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VRNS shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $64.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 target price on shares of Varonis Systems in a research note on Tuesday, July 22nd. DA Davidson raised their target price on Varonis Systems from $47.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. UBS Group raised their target price on Varonis Systems from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Citigroup raised their target price on Varonis Systems from $51.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.41.

Varonis Systems Stock Down 2.8%

Shares of VRNS stock opened at $61.46 on Friday. The stock’s 50 day simple moving average is $57.87 and its 200 day simple moving average is $50.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $63.90. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of -66.80 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating 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 business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same period last year, the business earned $0.05 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. As a group, research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Insider Buying and Selling

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,086,923.28. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Guy Melamed sold 51,889 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90. Following the completion of the sale, the chief financial officer directly owned 470,602 shares in the company, valued at $25,930,170.20. This trade represents a 9.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,386 shares of company stock worth $6,429,405 over the last three months. 2.30% of the stock is owned by company insiders.

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.