Cwm LLC Purchases 5,974 Shares of Varonis Systems, Inc. $VRNS

Key Points

• Cwm LLC increased its holdings in Varonis Systems, Inc. by 46.8% during the second quarter, acquiring an additional 5,974 shares for a total of 18,747 shares valued at approximately $951,000.
• Various institutional investors, including Voya Investment Management LLC and Goldman Sachs Group Inc., significantly increased their stakes in Varonis Systems, reflecting robust investor interest as institutional ownership reaches 95.65%.
• Varonis Systems reported positive earnings with $0.03 EPS, surpassing expectations, coupled with a 16.7% year-over-year revenue growth of $152.16 million during the last quarter.

Cwm LLC increased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 46.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,747 shares of the technology company's stock after acquiring an additional 5,974 shares during the period. Cwm LLC's holdings in Varonis Systems were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNS. Voya Investment Management LLC increased its holdings in Varonis Systems by 98.6% during the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company's stock worth $93,897,000 after acquiring an additional 1,152,687 shares during the period. Goldman Sachs Group Inc. grew its stake in Varonis Systems by 26.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company's stock worth $165,231,000 after buying an additional 848,408 shares in the last quarter. RGM Capital LLC grew its stake in Varonis Systems by 45.5% in the 1st quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company's stock worth $109,479,000 after buying an additional 846,475 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Varonis Systems in the 1st quarter worth approximately $28,871,000. Finally, Nuveen LLC purchased a new position in Varonis Systems in the 1st quarter worth approximately $21,572,000. Institutional investors own 95.65% of the company's stock.

Insiders Place Their Bets

In related news, CFO Guy Melamed sold 1,500 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $59.59, for a total transaction of $89,385.00. Following the completion of the sale, the chief financial officer directly owned 412,105 shares in the company, valued at $24,557,336.95. This represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction of $165,240.00. Following the sale, the director owned 128,666 shares of the company's stock, valued at $7,086,923.28. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,386 shares of company stock valued at $6,429,405 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Varonis Systems Price Performance

Shares of Varonis Systems stock opened at $60.98 on Wednesday. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $63.90. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of -66.28 and a beta of 0.64. The company has a fifty day moving average of $58.72 and a 200-day moving average of $51.73. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The company had revenue of $152.16 million during the quarter, compared to analysts' expectations of $147.80 million. During the same quarter in the prior year, the company earned $0.05 EPS. The firm's revenue 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. Equities research analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $60.00 price target on shares of Varonis Systems in a research note on Tuesday, July 22nd. UBS Group boosted their price target on shares of Varonis Systems from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Barclays boosted their price target on shares of Varonis Systems from $62.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Wedbush reissued an "outperform" rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Finally, B. Riley initiated coverage on shares of Varonis Systems in a research note on Tuesday, August 26th. They issued a "buy" rating and a $80.00 price target for the company. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Varonis Systems currently has an average rating of "Moderate Buy" and an average price target of $64.39.

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.

Want to see what other hedge funds are holding VRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems, Inc. (NASDAQ:VRNS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.