Varonis Systems, Inc. $VRNS Position Reduced by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 41.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,786 shares of the technology company’s stock after selling 64,068 shares during the quarter. Varonis Systems makes up approximately 1.2% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 28th largest position. Advantage Alpha Capital Partners LP owned approximately 0.08% of Varonis Systems worth $4,557,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Varonis Systems by 25.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 40,332 shares of the technology company’s stock worth $1,631,000 after purchasing an additional 8,136 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Varonis Systems by 6.7% in the first quarter. Avantax Advisory Services Inc. now owns 7,423 shares of the technology company’s stock valued at $300,000 after purchasing an additional 469 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Varonis Systems by 234.0% in the first quarter. Mackenzie Financial Corp now owns 23,947 shares of the technology company’s stock worth $969,000 after buying an additional 16,777 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Varonis Systems during the first quarter valued at $1,985,000. Finally, XTX Topco Ltd raised its position in Varonis Systems by 45.5% during the first quarter. XTX Topco Ltd now owns 11,177 shares of the technology company’s stock valued at $452,000 after buying an additional 3,497 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRNS. Truist Financial restated a “buy” rating and set a $50.00 price objective (down from $70.00) on shares of Varonis Systems in a research report on Wednesday, October 29th. Cantor Fitzgerald set a $60.00 price target on shares of Varonis Systems and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada lowered their price objective on shares of Varonis Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, UBS Group cut their target price on shares of Varonis Systems from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Sixteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $59.79.

Varonis Systems Price Performance

Shares of VRNS opened at $32.35 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $3.81 billion, a PE ratio of -31.72 and a beta of 0.62. The firm’s 50 day moving average price is $48.69 and its 200 day moving average price is $51.21. Varonis Systems, Inc. has a twelve month low of $30.34 and a twelve month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced 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. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The company had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. During the same quarter in the prior year, the business posted $0.10 EPS. Varonis Systems’s quarterly revenue was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, research analysts expect that Varonis Systems, Inc. will post -0.83 EPS 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.