Bailard Inc. Decreases Stock Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Bailard Inc. reduced its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 13.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 81,238 shares of the technology company's stock after selling 12,389 shares during the quarter. Bailard Inc. owned about 0.07% of Varonis Systems worth $3,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP acquired a new position in Varonis Systems in the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. purchased a new position in Varonis Systems during the 4th quarter worth approximately $61,000. Transce3nd LLC acquired a new stake in Varonis Systems during the 4th quarter worth approximately $62,000. New Age Alpha Advisors LLC acquired a new position in Varonis Systems during the fourth quarter worth $70,000. Finally, NBC Securities Inc. grew its position in shares of Varonis Systems by 100,200.0% in the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after purchasing an additional 2,004 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Trading Up 0.5%

Shares of NASDAQ VRNS opened at $50.57 on Friday. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $60.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of -62.43 and a beta of 0.76. The business has a 50 day simple moving average of $48.97 and a 200 day simple moving average of $44.77.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative net margin of 15.88% and a negative return on equity of 20.01%. The firm had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. During the same period last year, the company earned ($0.03) EPS. The company's revenue was up 19.6% compared to the same quarter last year. On average, research analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the transaction, the director owned 131,666 shares of the company's stock, valued at $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VRNS shares. Wolfe Research raised Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a report on Friday, March 28th. Royal Bank Of Canada increased their price objective on shares of Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley lowered their target price on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. UBS Group lifted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Varonis Systems currently has an average rating of "Moderate Buy" and a consensus target price of $55.50.

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.

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