9,400 Shares in Varonis Systems, Inc. $VRNS Purchased by Strs Ohio

Key Points

• Strs Ohio acquired 9,400 shares of Varonis Systems, valued at approximately $380,000, marking a new investment in the company during the first quarter.
• Institutional investors collectively own 95.65% of Varonis Systems' stock, with significant recent activity including a 31.8% increase in holdings by Quarry LP.
• Varonis Systems reported an earnings surprise with $0.03 EPS, exceeding expectations, and is projecting further earnings growth for FY 2025.

Strs Ohio acquired a new position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,400 shares of the technology company's stock, valued at approximately $380,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP lifted its holdings in Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company's stock worth $44,000 after purchasing an additional 261 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Varonis Systems in the first quarter worth about $69,000. NBC Securities Inc. raised its position in Varonis Systems by 100,200.0% in the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock worth $81,000 after acquiring an additional 2,004 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Varonis Systems by 45.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company's stock worth $182,000 after acquiring an additional 1,401 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Varonis Systems in the fourth quarter worth about $207,000. Institutional investors and hedge funds own 95.65% of the company's stock.

Insider Buying and Selling

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the sale, the director owned 128,666 shares of the company's stock, valued at $7,086,923.28. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Guy Melamed sold 1,500 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $59.59, for a total value of $89,385.00. Following the sale, the chief financial officer directly owned 412,105 shares of the company's stock, valued at $24,557,336.95. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,386 shares of company stock valued at $6,429,405 in the last ninety days. Company insiders own 2.30% of the company's stock.

Varonis Systems Price Performance

Shares of VRNS opened at $59.83 on Tuesday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of -65.03 and a beta of 0.67. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The business's 50-day moving average is $56.00 and its 200-day moving average is $48.96.

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

Analyst Ratings Changes

VRNS has been the topic of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Varonis Systems in a research report on Wednesday, September 3rd. Susquehanna boosted their price target on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. UBS Group boosted their price target on shares of Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Robert W. Baird boosted their price target on shares of Varonis Systems from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, B. Riley started coverage on shares of Varonis Systems in a research report on Tuesday, August 26th. They issued a "buy" rating and a $80.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.65.

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.

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