Elo Mutual Pension Insurance Co Buys New Holdings in Varonis Systems, Inc. $VRNS

Elo Mutual Pension Insurance Co purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,696 shares of the technology company’s stock, valued at approximately $1,477,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stephens Inc. AR increased its stake in shares of Varonis Systems by 1.9% in the third quarter. Stephens Inc. AR now owns 9,105 shares of the technology company’s stock worth $523,000 after buying an additional 171 shares during the period. Inspire Investing LLC increased its position in shares of Varonis Systems by 2.9% in the third quarter. Inspire Investing LLC now owns 7,878 shares of the technology company’s stock valued at $453,000 after acquiring an additional 222 shares during the period. Arizona State Retirement System increased its position in shares of Varonis Systems by 0.9% in the third quarter. Arizona State Retirement System now owns 33,114 shares of the technology company’s stock valued at $1,903,000 after acquiring an additional 287 shares during the period. Bessemer Group Inc. raised its stake in shares of Varonis Systems by 179.1% during the second quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after acquiring an additional 317 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Varonis Systems by 1.7% during the third quarter. Savant Capital LLC now owns 20,016 shares of the technology company’s stock worth $1,150,000 after purchasing an additional 339 shares during the period. Institutional investors own 95.65% of the company’s stock.

Key Headlines Impacting Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Wells Fargo initiated/upgraded coverage on Varonis, framing the stock more favorably and likely helping buying interest. Zacks / coverage note
• Neutral Sentiment: Management investor outreach: Varonis presented at the Morgan Stanley TMT conference (transcript available), providing updated commentary that investors can parse for SaaS transition progress and Federal vertical dynamics. Morgan Stanley presentation transcript
• Neutral Sentiment: Recent coverage pieces (Zacks/Benzinga) review post‑earnings performance and analyst expectations — useful for context but not immediate catalysts. Analyst expectations summary
• Negative Sentiment: Hagens Berman and other firms highlight a securities class action alleging Varonis concealed renewal softness in its Federal vertical and problems in the SaaS transition—these allegations, if they develop, could materially increase legal exposure and damage investor confidence. Hagens Berman notice
• Negative Sentiment: Multiple plaintiff law firms (Robbins Geller, Rosen, Pomerantz, Glancy, Berger Montague, Schall, Faruqi, Levi & Korsinsky, Bernstein, etc.) have issued lead‑plaintiff notices for the class period and are urging filings before the March 9 deadline — a concentrated wave of litigation outreach increases the probability of sustained headline risk and potential claims. Robbins Geller lead‑plaintiff notice Yahoo analysis of lawsuits

Insider Buying and Selling at Varonis Systems

In related news, EVP David Bass bought 2,980 shares of the company’s stock in a transaction on Monday, February 9th. The shares were acquired at an average cost of $23.47 per share, with a total value of $69,940.60. Following the completion of the acquisition, the executive vice president owned 1,042,924 shares of the company’s stock, valued at $24,477,426.28. The trade was a 0.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Avrohom J. Kess purchased 17,800 shares of Varonis Systems stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $22.29 per share, with a total value of $396,762.00. Following the completion of the acquisition, the director directly owned 49,403 shares of the company’s stock, valued at approximately $1,101,192.87. This represents a 56.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 25,780 shares of company stock worth $579,403. 2.30% of the stock is owned by insiders.

Varonis Systems Trading Up 1.4%

Shares of NASDAQ VRNS opened at $23.83 on Friday. Varonis Systems, Inc. has a 1 year low of $20.06 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a 50-day moving average of $29.18 and a 200 day moving average of $41.17. The stock has a market cap of $2.80 billion, a P/E ratio of -20.90 and a beta of 0.61.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Varonis Systems had a negative net margin of 20.74% and a negative return on equity of 22.95%. The business had revenue of $173.37 million during the quarter, compared to the consensus estimate of $168.66 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. As a group, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. B. Riley Financial reduced their price target on Varonis Systems from $58.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Cantor Fitzgerald reduced their target price on Varonis Systems from $50.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Zacks Research upgraded Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. UBS Group set a $50.00 price target on shares of Varonis Systems in a report on Monday, January 26th. Finally, Barclays reduced their price objective on shares of Varonis Systems from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.15.

About Varonis Systems

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.