Varonis Systems, Inc. $VRNS Shares Sold by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC reduced its position in Varonis Systems, Inc. by 38.8%, owning 49,473 shares worth approximately $2,001,000 after selling 31,352 shares in the first quarter.
• Several institutional investors have either purchased new stakes or significantly increased their investments in Varonis Systems, with hedge funds holding 95.65% of the company's stock.
• Varonis Systems recently reported a quarterly revenue increase of 16.7% year-over-year, with earnings per share of $0.03, exceeding analyst expectations.

Campbell & CO Investment Adviser LLC lessened its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 38.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,473 shares of the technology company's stock after selling 31,352 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Varonis Systems were worth $2,001,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mutual of America Capital Management LLC boosted its holdings in Varonis Systems by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 85,255 shares of the technology company's stock valued at $3,449,000 after purchasing an additional 284 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Varonis Systems by 7.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock valued at $193,000 after purchasing an additional 298 shares during the period. Teza Capital Management LLC boosted its holdings in Varonis Systems by 3.1% in the fourth quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock valued at $437,000 after purchasing an additional 299 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Varonis Systems by 6.7% in the first quarter. Avantax Advisory Services Inc. now owns 7,423 shares of the technology company's stock valued at $300,000 after purchasing an additional 469 shares during the period. Finally, Xponance Inc. boosted its holdings in Varonis Systems by 6.2% in the first quarter. Xponance Inc. now owns 8,369 shares of the technology company's stock valued at $339,000 after purchasing an additional 486 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Up 1.1%

Varonis Systems stock traded up $0.67 during mid-day trading on Thursday, hitting $59.16. The company had a trading volume of 902,682 shares, compared to its average volume of 1,554,513. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -64.30 and a beta of 0.71. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year 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 business has a fifty day moving average of $53.76 and a 200 day moving average of $47.18.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company's revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. On average, sell-side 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 news, Director Den Bosch Fred Van sold 3,000 shares of the 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 directly owned 128,666 shares of the company's stock, valued at approximately $7,086,923.28. This represents a 2.28% 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 this hyperlink. Also, CFO Guy Melamed sold 10,400 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $59.53, for a total value of $619,112.00. Following the sale, the chief financial officer directly owned 417,497 shares of the company's stock, valued at approximately $24,853,596.41. This represents a 2.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,994 shares of company stock valued at $6,408,369 over the last three months. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

VRNS has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. DA Davidson upped their target price on shares of Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wedbush upped their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Robert W. Baird upped their target price on shares of Varonis Systems from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, B. Riley initiated coverage on shares of Varonis Systems in a research note on Tuesday. They set a "buy" rating and a $80.00 target price on the stock. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.47.

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.