52,996 Shares in Varonis Systems, Inc. $VRNS Bought by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. acquired a new position in Varonis Systems, purchasing 52,996 shares valued at approximately $2.69 million during the second quarter.
• Analysts have mixed ratings on Varonis Systems, with fifteen analysts rating the stock as a Buy and the average price target set at $64.39.
• Varonis Systems reported a 16.7% year-over-year revenue increase to $152.16 million, surpassing consensus estimates despite a negative net margin of 17.30%.

Cookson Peirce & Co. Inc. bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,996 shares of the technology company's stock, valued at approximately $2,690,000.

Several other institutional investors have also recently made changes to their positions in VRNS. Brown Advisory Inc. purchased a new position in Varonis Systems in the first quarter valued at $346,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Varonis Systems by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock valued at $352,000 after purchasing an additional 1,323 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Varonis Systems by 14.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock valued at $64,904,000 after purchasing an additional 205,781 shares during the period. Penserra Capital Management LLC grew its position in shares of Varonis Systems by 52.2% in the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock valued at $62,376,000 after purchasing an additional 529,182 shares during the period. Finally, Legacy Advisors LLC grew its position in shares of Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock valued at $853,000 after purchasing an additional 13,115 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $64.00 target price on shares of Varonis Systems in a research report on Wednesday, September 3rd. B. Riley started coverage on shares of Varonis Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $80.00 price target on the stock. Zacks Research lowered shares of Varonis Systems from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. UBS Group boosted their price target on shares of Varonis Systems from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Finally, DA Davidson boosted their target price on shares of Varonis Systems from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, October 14th. Fifteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.39.

Varonis Systems Price Performance

Shares of VRNS opened at $60.98 on Wednesday. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $63.90. The firm's 50 day moving average price is $58.72 and its 200 day moving average price is $51.73. The company has a market cap of $6.83 billion, a P/E ratio of -66.28 and a beta of 0.64. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same period in the prior year, the firm earned $0.05 EPS. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. On average, research analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the transaction, the director owned 128,666 shares in the company, valued at $7,086,923.28. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Guy Melamed sold 51,889 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the transaction, the chief financial officer owned 470,602 shares of the company's stock, valued at $25,930,170.20. This trade represents a 9.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,386 shares of company stock valued at $6,429,405 in the last quarter. 2.30% of the stock is currently owned by company insiders.

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.

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