Charles Schwab Investment Management Inc. Has $38.58 Million Holdings in Varonis Systems, Inc. $VRNS

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Varonis Systems, Inc. by 1.9%, owning approximately 953,842 shares valued at $38,583,000 after selling 18,002 shares.
• Insider trading activity was noted as CFO Guy Melamed sold 42,705 shares at an average price of $57.72, leading to a 9.07% decrease in their ownership.
• Despite a negative net margin, Varonis recently reported a 16.7% year-over-year revenue increase, with its stock receiving multiple upgrades from analysts, now showing a consensus rating of "Moderate Buy."

Charles Schwab Investment Management Inc. lessened its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 953,842 shares of the technology company's stock after selling 18,002 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Varonis Systems worth $38,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. acquired a new position in Varonis Systems during the first quarter worth approximately $346,000. Mirae Asset Global Investments Co. Ltd. increased its position in Varonis Systems by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock worth $352,000 after buying an additional 1,323 shares during the last quarter. Stephens Investment Management Group LLC increased its position in Varonis Systems by 14.7% during the first quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock worth $64,904,000 after buying an additional 205,781 shares during the last quarter. Penserra Capital Management LLC increased its position in Varonis Systems by 52.2% during the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock worth $62,376,000 after buying an additional 529,182 shares during the last quarter. Finally, Legacy Advisors LLC increased its position in Varonis Systems by 164.5% during the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock worth $853,000 after buying an additional 13,115 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Wall Street Analyst Weigh In

VRNS has been the topic of a number of recent analyst reports. Barclays boosted their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of Varonis Systems from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Jefferies Financial Group upgraded shares of Varonis Systems from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $50.00 to $65.00 in a research note on Thursday, July 24th. Finally, Needham & Company LLC lifted their price objective on shares of Varonis Systems from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.25.

Varonis Systems Price Performance

Shares of VRNS traded up $0.06 during midday trading on Wednesday, hitting $58.27. The company's stock had a trading volume of 1,664,290 shares, compared to its average volume of 1,565,618. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of -63.34 and a beta of 0.71. The company's fifty day simple moving average is $52.68 and its two-hundred day simple moving average is $46.55.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $152.16 million for the quarter, compared to analysts' expectations of $147.80 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The business's revenue for the quarter was up 16.7% on a year-over-year basis. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. As a group, equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Transactions at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the transaction, the chief financial officer owned 470,602 shares in the company, valued at $25,930,170.20. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Den Bosch Fred Van sold 6,000 shares of Varonis Systems stock in a transaction dated Wednesday, June 4th. The shares were 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 represents a 4.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,594 shares of company stock worth $5,789,257. Company 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.