Algert Global LLC Has $2.21 Million Stock Holdings in Varonis Systems, Inc. $VRNS

Key Points

• Algert Global LLC increased its holdings in Varonis Systems by 54.0% in Q1, now owning a total of 54,578 shares valued at approximately $2.21 million.
• Multiple large investors, including Deutsche Bank and Two Sigma Advisers, significantly raised their stakes in Varonis Systems, reflecting strong institutional support with 95.65% of shares held by institutional investors.
• Analysts have raised their price targets for Varonis Systems, with Citigroup adjusting its target from $51 to $58, and others setting targets up to $65, indicating a consensus of a Moderate Buy rating.

Algert Global LLC grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 54.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,578 shares of the technology company's stock after purchasing an additional 19,130 shares during the quarter. Algert Global LLC's holdings in Varonis Systems were worth $2,208,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRNS. Envestnet Asset Management Inc. increased its position in Varonis Systems by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,196 shares of the technology company's stock valued at $1,430,000 after acquiring an additional 962 shares in the last quarter. Marshall Wace LLP acquired a new position in Varonis Systems during the 4th quarter valued at about $3,930,000. Canada Pension Plan Investment Board boosted its stake in shares of Varonis Systems by 616.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 25,800 shares of the technology company's stock valued at $1,146,000 after purchasing an additional 22,200 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Varonis Systems by 7.1% during the 4th quarter. MetLife Investment Management LLC now owns 66,762 shares of the technology company's stock worth $2,966,000 after buying an additional 4,442 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Varonis Systems by 7.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after buying an additional 298 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the sale, the director owned 128,666 shares of the company's stock, valued at $7,086,923.28. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Guy Melamed sold 42,705 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer owned 427,897 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 103,594 shares of company stock worth $5,789,257. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VRNS shares. Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Susquehanna raised their price target on Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price objective on Varonis Systems from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on Varonis Systems from $58.00 to $64.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $60.00 target price 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.25.

Varonis Systems Trading Up 1.0%

NASDAQ:VRNS traded up $0.59 on Friday, reaching $59.11. The company's stock had a trading volume of 1,232,999 shares, compared to its average volume of 1,681,133. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58. The business's 50-day moving average price is $53.07 and its two-hundred day moving average price is $46.79. 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 released 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. The business had revenue of $152.16 million for 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%.Varonis Systems's revenue for the quarter was up 16.7% on a year-over-year basis. 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. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems Company 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.