Oppenheimer Asset Management Inc. Purchases New Shares in Varonis Systems, Inc. $VRNS

Oppenheimer Asset Management Inc. purchased a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,471 shares of the technology company’s stock, valued at approximately $278,000.

A number of other hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in Varonis Systems by 26.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock valued at $165,231,000 after purchasing an additional 848,408 shares in the last quarter. RGM Capital LLC boosted its stake in Varonis Systems by 45.5% during the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock worth $109,479,000 after buying an additional 846,475 shares during the period. Voya Investment Management LLC boosted its stake in Varonis Systems by 98.6% during the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock worth $93,897,000 after buying an additional 1,152,687 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Varonis Systems by 4.1% in the second quarter. Stephens Investment Management Group LLC now owns 1,670,404 shares of the technology company’s stock valued at $84,773,000 after acquiring an additional 65,846 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of Varonis Systems by 52.2% in the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company’s stock valued at $62,376,000 after acquiring an additional 529,182 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Trading Up 0.7%

VRNS stock opened at $35.23 on Monday. The company has a market capitalization of $3.95 billion, a PE ratio of -34.54 and a beta of 0.64. Varonis Systems, Inc. has a 12 month low of $32.02 and a 12 month high of $63.90. The firm’s 50-day moving average is $57.68 and its 200 day moving average is $52.53. 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 (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, research analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VRNS. Wedbush reissued an “outperform” rating and issued a $65.00 target price on shares of Varonis Systems in a research note on Wednesday, September 3rd. Piper Sandler reduced their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Truist Financial reissued a “buy” rating and issued a $50.00 target price (down previously from $70.00) on shares of Varonis Systems in a research note on Wednesday, October 29th. Susquehanna reduced their target price on shares of Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, October 29th. Finally, Citigroup increased their target price on shares of Varonis Systems from $51.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and an average target price of $60.74.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $59.59, for a total transaction of $89,385.00. Following the transaction, the chief financial officer owned 412,105 shares of the company’s stock, valued at approximately $24,557,336.95. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 58,497 shares of company stock valued at $3,405,081 in the last ninety days. Insiders own 2.30% of the company’s stock.

Varonis Systems Company 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.