Brown Advisory Inc. Acquires Shares of 8,546 Varonis Systems, Inc. (NASDAQ:VRNS)

Brown Advisory Inc. purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,546 shares of the technology company's stock, valued at approximately $346,000.

Several other large investors have also modified their holdings of VRNS. Quarry LP bought a new stake in Varonis Systems during the fourth quarter valued at $36,000. Johnson Financial Group Inc. acquired a new position in shares of Varonis Systems in the 4th quarter valued at about $61,000. Transce3nd LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at about $62,000. New Age Alpha Advisors LLC acquired a new stake in Varonis Systems during the fourth quarter worth about $70,000. Finally, NBC Securities Inc. lifted its holdings 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 during the last quarter. Institutional investors own 95.65% of the company's stock.

Insider Activity

In other news, Director Den Bosch Fred Van sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the sale, the director owned 131,666 shares in the company, valued at $6,583,300. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS traded up $0.73 during trading on Friday, reaching $51.30. The company had a trading volume of 1,173,647 shares, compared to its average volume of 1,530,528. The firm's fifty day moving average is $49.07 and its 200 day moving average is $44.82. The firm has a market capitalization of $5.74 billion, a PE ratio of -63.33 and a beta of 0.76. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month 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.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.31) 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 business had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

VRNS has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Barclays lifted their target price on Varonis Systems from $54.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday. UBS Group lifted their target price on Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Wolfe Research upgraded Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research note on Friday, March 28th. Finally, Jefferies Financial Group reduced their target price on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $55.50.

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.