Capital Fund Management S.A. Purchases 164,369 Shares of Varonis Systems, Inc. $VRNS

Key Points

• Capital Fund Management S.A. increased its stake in Varonis Systems, Inc. by 235.9%, acquiring 164,369 additional shares, bringing its total ownership to 234,038 shares valued at approximately $9.47 million.
• Wall Street analysts have set a moderate buy rating for Varonis Systems, with an average target price of $59.25 after several raised price objectives from firms such as DA Davidson and Royal Bank of Canada.
• Varonis Systems reported $152.16 million in revenue for the last quarter, surpassing analysts' expectations and demonstrating a 16.7% year-over-year growth.

Capital Fund Management S.A. lifted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 235.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,038 shares of the technology company's stock after acquiring an additional 164,369 shares during the period. Capital Fund Management S.A. owned about 0.21% of Varonis Systems worth $9,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP bought a new position in shares of Varonis Systems in the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new position in shares of Varonis Systems in the fourth quarter worth $61,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems in the first quarter worth $69,000. NBC Securities Inc. grew its stake 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 worth $81,000 after purchasing an additional 2,004 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Varonis Systems during the fourth quarter valued at about $163,000. Institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Performance

Shares of VRNS stock traded up $0.59 during trading on Friday, reaching $59.11. The company had a trading volume of 1,232,999 shares, compared to its average volume of 1,681,133. The company has a market capitalization of $6.62 billion, a PE ratio of -64.25 and a beta of 0.71. The firm's 50 day simple moving average is $53.07 and its two-hundred day simple moving average is $46.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same quarter last year, the firm earned $0.05 EPS. Varonis Systems's revenue for the quarter was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Sell-side analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VRNS. Needham & Company LLC lifted their target price on Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Barclays raised their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. UBS Group raised their price target on Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Citigroup raised their price target on Varonis Systems from $51.00 to $58.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. cut their price target 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. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Varonis Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.25.

Insider Activity at Varonis Systems

In other news, CFO Guy Melamed sold 42,705 shares of Varonis Systems stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $57.72, for a total transaction of $2,464,932.60. Following the sale, the chief financial officer owned 427,897 shares of the company's stock, valued at approximately $24,698,214.84. This trade represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems 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 sale, the director directly 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 a total of 103,594 shares of company stock worth $5,789,257 in the last three months. 2.30% of the stock is owned by insiders.

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.