Cubist Systematic Strategies LLC Purchases Shares of 713,741 Varonis Systems, Inc. $VRNS

Key Points

• Cubist Systematic Strategies LLC has invested approximately $28.87 million in Varonis Systems by acquiring 713,741 shares, representing 0.64% ownership.
• Institutional investors collectively own 95.65% of Varonis Systems, with RGM Capital LLC and Deutsche Bank AG significantly increasing their stakes recently.
• Analysts have raised their target prices for Varonis Systems, with an average price target of $60.47 and a consensus rating of "Moderate Buy."

Cubist Systematic Strategies LLC acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 713,741 shares of the technology company's stock, valued at approximately $28,871,000. Cubist Systematic Strategies LLC owned approximately 0.64% of Varonis Systems as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VRNS. Quarry LP bought a new stake in Varonis Systems during the 4th quarter worth approximately $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Varonis Systems during the 1st quarter worth approximately $69,000. NBC Securities Inc. grew its holdings in Varonis Systems by 100,200.0% during the 1st 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. Raiffeisen Bank International AG bought a new stake in Varonis Systems during the 4th quarter worth approximately $163,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Varonis Systems by 45.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company's stock worth $182,000 after purchasing an additional 1,401 shares during the period. 95.65% of the stock is owned by institutional investors.

Varonis Systems Trading Down 2.5%

Shares of NASDAQ:VRNS traded down $1.41 on Wednesday, hitting $55.43. 1,897,484 shares of the company's stock were exchanged, compared to its average volume of 1,298,625. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -60.25 and a beta of 0.67. The business's 50 day simple moving average is $54.39 and its two-hundred day simple moving average is $47.57. 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 (NASDAQ:VRNS - Get Free Report) last released its earnings results 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. 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 business's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last 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. Analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity

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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the transaction, the director owned 128,666 shares in the company, valued at $7,086,923.28. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,386 shares of company stock worth $6,429,405 in the last quarter. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Varonis Systems from a "hold" rating to a "buy" rating and boosted their price target for the stock from $50.00 to $65.00 in a research report on Thursday, July 24th. Wells Fargo & Company raised shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $51.00 to $70.00 in a report on Monday, August 11th. UBS Group increased their price target on shares of Varonis Systems from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wedbush restated an "outperform" rating and issued a $65.00 target price on shares of Varonis Systems in a report on Wednesday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $60.00 price target on shares of Varonis Systems in a report on Tuesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Varonis Systems currently has a consensus rating of "Moderate Buy" and an average target price of $61.65.

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.