137,760 Shares in Varonis Systems, Inc. $VRNS Acquired by Algert Global LLC

Key Points

• Algert Global LLC acquired 137,760 Varonis Systems shares worth approximately $5.78 million, representing about 0.12% of the company. Institutional investors collectively own 95.65% of VRNS.
• Analysts maintain a generally positive outlook, with 17 Buy, six Hold and one Sell rating. The stock has a “Moderate Buy” consensus rating and an average price target of $49.05.
• Varonis reported quarterly EPS of $0.04, beating estimates of $0.01, while revenue reached $180.02 million, up 18.3% year over year and above expectations.

Algert Global LLC bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 137,760 shares of the technology company's stock, valued at approximately $5,780,000. Algert Global LLC owned approximately 0.12% of Varonis Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Varonis Systems by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company's stock worth $440,119,000 after buying an additional 822,925 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Varonis Systems by 40.6% in the 4th quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company's stock valued at $145,214,000 after buying an additional 1,279,002 shares during the period. RGM Capital LLC increased its stake in Varonis Systems by 17.1% during the fourth quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company's stock worth $103,651,000 after purchasing an additional 460,580 shares during the period. Pictet Asset Management Holding SA increased its stake in Varonis Systems by 43.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company's stock worth $67,029,000 after buying an additional 944,676 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Varonis Systems by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company's stock worth $92,943,000 after acquiring an additional 151,961 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VRNS shares. Robert W. Baird raised their target price on shares of Varonis Systems from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. TD Cowen boosted their price objective on shares of Varonis Systems from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Cantor Fitzgerald restated an "overweight" rating and set a $55.00 price objective (up from $35.00) on shares of Varonis Systems in a research report on Friday, July 24th. Citigroup upped their target price on shares of Varonis Systems from $30.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Stephens upgraded shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $33.00 to $45.00 in a research note on Wednesday, June 24th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Varonis Systems presently has an average rating of "Moderate Buy" and an average price target of $49.05.

Varonis Systems Trading Up 8.2%

Shares of Varonis Systems stock opened at $44.78 on Friday. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -36.41 and a beta of 0.83. The company's 50-day simple moving average is $42.82 and its 200-day simple moving average is $32.19. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.02.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $180.02 million during the quarter, compared to analysts' expectations of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.Varonis Systems's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. As a group, equities research analysts anticipate that Varonis Systems, Inc. will post -0.97 earnings per share for the current year.

Varonis Systems 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.

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