Bamco Inc. NY Sells 64,636 Shares of Varonis Systems, Inc. $VRNS

Bamco Inc. NY reduced its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 559,250 shares of the technology company’s stock after selling 64,636 shares during the period. Bamco Inc. NY owned 0.47% of Varonis Systems worth $32,140,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VRNS. Vanguard Group Inc. increased its holdings in Varonis Systems by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 12,595,348 shares of the technology company’s stock valued at $723,855,000 after purchasing an additional 436,462 shares during the period. First Trust Advisors LP lifted its holdings in Varonis Systems by 7.9% in the 3rd quarter. First Trust Advisors LP now owns 3,148,243 shares of the technology company’s stock worth $180,930,000 after buying an additional 230,852 shares during the period. Geode Capital Management LLC lifted its holdings in Varonis Systems by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock worth $135,537,000 after buying an additional 7,342 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Varonis Systems by 69.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,646,351 shares of the technology company’s stock worth $95,192,000 after buying an additional 674,807 shares during the last quarter. Finally, American Capital Management Inc. increased its stake in shares of Varonis Systems by 16.3% during the third quarter. American Capital Management Inc. now owns 1,371,806 shares of the technology company’s stock valued at $78,838,000 after buying an additional 191,929 shares during the period. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VRNS. Wells Fargo & Company began coverage on Varonis Systems in a report on Tuesday, March 3rd. They set an “overweight” rating and a $28.00 target price for the company. Wedbush cut their price target on shares of Varonis Systems from $53.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada reduced their price objective on shares of Varonis Systems from $60.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Truist Financial dropped their target price on shares of Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, Piper Sandler raised shares of Varonis Systems from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $47.00 in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.15.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $24.68 on Monday. The company has a 50 day simple moving average of $28.14 and a two-hundred day simple moving average of $39.49. Varonis Systems, Inc. has a fifty-two week low of $20.06 and a fifty-two week high of $63.90. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -21.65 and a beta of 0.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.97 and a current ratio of 1.97.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The firm had revenue of $173.37 million for the quarter, compared to analysts’ expectations of $168.66 million. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. 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. Analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John J. Gavin, Jr. purchased 5,000 shares of Varonis Systems stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $22.54 per share, for a total transaction of $112,700.00. Following the completion of the acquisition, the director directly owned 273,666 shares of the company’s stock, valued at $6,168,431.64. The trade was a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Avrohom J. Kess purchased 17,800 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $22.29 per share, with a total value of $396,762.00. Following the transaction, the director owned 49,403 shares in the company, valued at $1,101,192.87. The trade was a 56.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 25,780 shares of company stock valued at $579,403. 2.30% of the stock is currently owned by corporate insiders.

Varonis Systems Company Profile

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.