Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Cwm LLC

CWM LLC grew its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 265.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,773 shares of the technology company's stock after acquiring an additional 9,279 shares during the period. CWM LLC's holdings in Varonis Systems were worth $517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Advisory Inc. purchased a new stake in Varonis Systems during the first quarter worth about $346,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 in the last quarter. Stephens Investment Management Group LLC raised 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 acquiring an additional 205,781 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Varonis Systems by 52.2% in the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock valued at $62,376,000 after purchasing an additional 529,182 shares in the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock valued at $853,000 after purchasing an additional 13,115 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

Insider Buying and Selling

In related news, Director Den Bosch Fred Van sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director owned 131,666 shares of the company's stock, valued at approximately $6,583,300. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

Varonis Systems Trading Down 0.5%

VRNS stock traded down $0.28 on Monday, hitting $54.41. 2,072,868 shares of the company were exchanged, compared to its average volume of 1,451,949. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $60.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.15 and a quick ratio of 1.15. The business's fifty day moving average is $50.05 and its two-hundred day moving average is $45.23. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of -67.17 and a beta of 0.76.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. The company had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. During the same period last year, the company posted ($0.03) EPS. The business's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, research analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

VRNS has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group upped their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of Varonis Systems from $46.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 price target on shares of Varonis Systems in a report on Tuesday, July 22nd. Finally, 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 report on Thursday. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $56.67.

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.