Advantage Alpha Capital Partners LP Raises Position in Varonis Systems, Inc. $VRNS

Key Points

• Advantage Alpha Capital Partners LP has increased its stake in Varonis Systems by 69.3%, owning 153,854 shares valued at approximately $6.2 million, making it the firm's 11th largest holding.
• Multiple institutional investors have significantly raised their positions in Varonis, with Deutsche Bank increasing its stake by 97.7% and Two Sigma Advisers by 64.5%.
• Analyst ratings are positive, with Royal Bank of Canada and Barclays upping their price targets, and the stock receiving an average rating of "Moderate Buy" with a target of $59.25.

Advantage Alpha Capital Partners LP lifted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 69.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,854 shares of the technology company's stock after buying an additional 62,973 shares during the quarter. Varonis Systems comprises approximately 1.5% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 11th largest holding. Advantage Alpha Capital Partners LP owned about 0.14% of Varonis Systems worth $6,223,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Varonis Systems during the 4th quarter worth approximately $36,000. Johnson Financial Group Inc. bought a new position in shares of Varonis Systems in the 4th quarter worth $61,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Varonis Systems during the 1st quarter valued at $69,000. NBC Securities Inc. lifted its stake in Varonis Systems by 100,200.0% during the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after acquiring an additional 2,004 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Varonis Systems during the 4th quarter valued at $163,000. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems Trading Up 1.0%

VRNS stock traded up $0.59 during midday trading on Friday, hitting $59.11. The company had a trading volume of 1,232,999 shares, compared to its average volume of 1,681,133. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $60.58. The stock's 50 day moving average price is $53.07 and its 200 day moving average price is $46.79. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of -64.25 and a beta of 0.71.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business's revenue 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. As a group, equities research analysts expect 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 stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the sale, the director owned 128,666 shares in the company, valued at approximately $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Guy Melamed sold 42,705 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.72, for a total value of $2,464,932.60. Following the transaction, the chief financial officer directly owned 427,897 shares in the company, valued at $24,698,214.84. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,594 shares of company stock valued at $5,789,257 in the last quarter. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

VRNS has been the subject of several research analyst reports. Needham & Company LLC raised their target price on Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised Varonis Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $50.00 to $65.00 in a report on Thursday, July 24th. Citigroup lifted their target price on Varonis Systems from $51.00 to $58.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Wedbush lifted their target price on Varonis Systems from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 price target on shares of Varonis Systems in a research report on Tuesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.25.

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.