8,232 Shares in Varonis Systems, Inc. $VRNS Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,232 shares of the technology company’s stock, valued at approximately $418,000.

Other hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. purchased a new position in shares of Varonis Systems in the first quarter worth $346,000. Mirae Asset Global Investments Co. Ltd. increased its position in Varonis Systems by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company’s stock valued at $352,000 after purchasing an additional 1,323 shares during the period. Stephens Investment Management Group LLC increased its position in Varonis Systems by 14.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company’s stock valued at $64,904,000 after purchasing an additional 205,781 shares during the period. Penserra Capital Management LLC increased its position in Varonis Systems by 52.2% during the 1st quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company’s stock valued at $62,376,000 after purchasing an additional 529,182 shares during the period. Finally, Advantage Alpha Capital Partners LP increased its position in Varonis Systems by 69.3% during the 1st quarter. Advantage Alpha Capital Partners LP now owns 153,854 shares of the technology company’s stock valued at $6,223,000 after purchasing an additional 62,973 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRNS has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Varonis Systems from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Jefferies Financial Group raised shares of Varonis Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Cantor Fitzgerald boosted their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Susquehanna upped their target price on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average target price of $64.94.

Insider Buying and Selling at Varonis Systems

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

Varonis Systems Trading Down 0.0%

Shares of VRNS opened at $62.30 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $63.90. The company has a 50 day simple moving average of $58.97 and a two-hundred day simple moving average of $52.23. The firm has a market cap of $6.98 billion, a P/E ratio of -67.72 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. 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, equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

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.