Varonis Systems, Inc. $VRNS Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,279 shares of the technology company’s stock after selling 4,815 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Varonis Systems were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRNS. Quarry LP grew its position in Varonis Systems by 31.8% during the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after buying an additional 261 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Varonis Systems in the first quarter valued at approximately $69,000. FNY Investment Advisers LLC acquired a new stake in shares of Varonis Systems in the second quarter valued at approximately $156,000. PNC Financial Services Group Inc. grew its position 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 valued at $182,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Varonis Systems in the first quarter valued at approximately $200,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRNS has been the topic of several research reports. Zacks Research lowered shares of Varonis Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Piper Sandler lowered their price target on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday. DA Davidson lowered their price target on shares of Varonis Systems from $55.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, October 8th. Finally, Susquehanna lowered their price target on shares of Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.74.

Insider Buying and Selling

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction on Friday, August 1st. The shares were 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. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Guy Melamed sold 1,500 shares of Varonis Systems stock in a transaction on Friday, August 29th. The shares were sold at an average price of $59.59, for a total transaction of $89,385.00. Following the completion of the transaction, the chief financial officer owned 412,105 shares in the company, valued at approximately $24,557,336.95. This trade represents a 0.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 113,386 shares of company stock worth $6,429,405. 2.30% of the stock is owned by company insiders.

Varonis Systems Stock Down 48.7%

Shares of NASDAQ VRNS opened at $32.34 on Thursday. Varonis Systems, Inc. has a 1 year low of $32.02 and a 1 year high of $63.90. The firm’s 50 day moving average price is $58.63 and its 200 day moving average price is $52.54. The firm has a market cap of $3.62 billion, a P/E ratio of -31.71 and a beta of 0.64. 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 (NASDAQ:VRNS) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The firm had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. During the same quarter last year, the business earned $0.10 earnings per share. Varonis Systems’s revenue was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, sell-side analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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.