AlphaQuest LLC Decreases Stock Position in Varonis Systems, Inc. $VRNS

Key Points

• AlphaQuest LLC reduced its stake in Varonis Systems by 51.6%, now holding 5,801 shares worth approximately $235,000.
• Several other institutional investors increased their holdings significantly, including Advantage Alpha Capital Partners LP, which raised its stake by 69.3% to 153,854 shares.
• Analysts have a consensus target price of $60.47 for Varonis Systems, with a majority rating the stock as a "Moderate Buy."

AlphaQuest LLC cut its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 51.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,801 shares of the technology company's stock after selling 6,177 shares during the period. AlphaQuest LLC's holdings in Varonis Systems were worth $235,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of Varonis Systems by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,953,810 shares of the technology company's stock valued at $86,807,000 after acquiring an additional 431,306 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings 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 acquiring an additional 205,781 shares in the last quarter. Penserra Capital Management LLC grew its holdings 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 acquiring an additional 529,182 shares in the last quarter. Phoenix Financial Ltd. grew its holdings in shares of Varonis Systems by 30.2% in the first quarter. Phoenix Financial Ltd. now owns 1,482,287 shares of the technology company's stock valued at $59,964,000 after acquiring an additional 343,709 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Varonis Systems by 64.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,380,200 shares of the technology company's stock valued at $61,322,000 after acquiring an additional 541,000 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Insider Transactions at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 10,400 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $59.53, for a total transaction of $619,112.00. Following the sale, the chief financial officer owned 417,497 shares in the company, valued at $24,853,596.41. This trade represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were 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 in the company, valued at $7,086,923.28. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,994 shares of company stock worth $6,408,369 in the last 90 days. Company insiders own 2.30% of the company's stock.

Varonis Systems Price Performance

Shares of VRNS stock traded down $2.18 on Tuesday, reaching $56.84. The company's stock had a trading volume of 1,919,312 shares, compared to its average volume of 1,553,574. The stock's 50 day simple moving average is $54.15 and its 200-day simple moving average is $47.45. Varonis Systems, Inc. has a 12-month low of $36.53 and a 12-month high of $60.58. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $6.37 billion, a P/E ratio of -61.78 and a beta of 0.67.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same quarter last year, the business posted $0.05 earnings per share. The company'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. As a group, equities analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their target price on Varonis Systems from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Citigroup upped 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. Morgan Stanley increased their price objective on Varonis Systems from $59.00 to $66.00 and gave the company an "overweight" rating in a report on Tuesday. DA Davidson increased their price objective on Varonis Systems from $47.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on Varonis Systems from $58.00 to $64.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Fourteen equities research 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, Varonis Systems has a consensus rating of "Moderate Buy" and an average target price of $61.65.

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.