Varonis Systems, Inc. (NASDAQ:VRNS) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 56.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,763 shares of the technology company's stock after acquiring an additional 5,343 shares during the period. Cerity Partners LLC's holdings in Varonis Systems were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Varonis Systems during the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in shares of Varonis Systems during the fourth quarter worth $61,000. Transce3nd LLC bought a new stake in shares of Varonis Systems during the fourth quarter worth $62,000. New Age Alpha Advisors LLC bought a new stake in shares of Varonis Systems during the fourth quarter worth $70,000. Finally, NBC Securities Inc. increased its position in Varonis Systems by 100,200.0% in the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after acquiring an additional 2,004 shares during the period. Institutional investors own 95.65% of the company's stock.

Varonis Systems Trading Up 2.5%

NASDAQ VRNS traded up $1.31 during trading on Friday, hitting $54.69. The stock had a trading volume of 2,479,725 shares, compared to its average volume of 1,410,806. The firm has a 50 day moving average price of $49.72 and a 200 day moving average price of $45.08. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $6.12 billion, a PE ratio of -67.52 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.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $136.42 million during the quarter, compared to analysts' expectations of $133.10 million. Varonis Systems had a negative net margin of 15.88% and a negative return on equity of 20.01%. The business's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on VRNS. Wolfe Research upgraded shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research report on Friday, March 28th. Robert W. Baird upped their price target on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday. Jefferies Financial Group upgraded shares of Varonis Systems from a "hold" rating to a "buy" rating and increased their price objective for the stock from $50.00 to $65.00 in a research report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Varonis Systems has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.

Insider Activity

In other news, Director Den Bosch Fred Van sold 6,000 shares of Varonis Systems 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 in the company, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

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.