Castleark Management LLC Takes Position in Varonis Systems, Inc. $VRNS

Castleark Management LLC bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 85,890 shares of the technology company’s stock, valued at approximately $4,359,000. Castleark Management LLC owned approximately 0.08% of Varonis Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRNS. PNC Financial Services Group Inc. increased its holdings in shares of Varonis Systems by 45.2% during the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock worth $182,000 after buying an additional 1,401 shares in the last quarter. Nuveen LLC acquired a new stake in Varonis Systems during the 1st quarter valued at $21,572,000. HighTower Advisors LLC raised its position in Varonis Systems by 12.0% in the 1st quarter. HighTower Advisors LLC now owns 9,211 shares of the technology company’s stock valued at $373,000 after purchasing an additional 990 shares during the last quarter. Algert Global LLC grew its holdings in shares of Varonis Systems by 54.0% during the first quarter. Algert Global LLC now owns 54,578 shares of the technology company’s stock worth $2,208,000 after purchasing an additional 19,130 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Varonis Systems by 5.0% during the first quarter. Wellington Management Group LLP now owns 357,609 shares of the technology company’s stock worth $14,465,000 after purchasing an additional 17,052 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Varonis Systems in a report on Wednesday, October 8th. Truist Financial reissued a “buy” rating and issued a $50.00 price target (down previously from $70.00) on shares of Varonis Systems in a report on Wednesday, October 29th. TD Cowen boosted their price objective on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. increased their price objective on Varonis Systems from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, Needham & Company LLC lowered their target price on Varonis Systems from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Sixteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.79.

Varonis Systems Stock Performance

VRNS stock opened at $33.79 on Monday. Varonis Systems, Inc. has a twelve month low of $30.02 and a twelve month high of $63.90. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.98 billion, a P/E ratio of -33.13 and a beta of 0.64. The business’s fifty day moving average is $42.86 and its 200-day moving average is $50.17.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The business had revenue of $161.58 million during the quarter, compared to analysts’ expectations of $166.47 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Varonis Systems, Inc. will post -0.83 EPS 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.