Fox Run Management L.L.C. Sells 16,887 Shares of Varonis Systems, Inc. $VRNS

Key Points

• Fox Run Management L.L.C. has reduced its stake in Varonis Systems, Inc. by 43.5%, selling 16,887 shares, leaving them with 21,903 shares valued at $886,000.
• Institutional ownership of Varonis Systems is high, with roughly 95.65% of the stock owned by hedge funds and other institutional investors.
• Analysts have set a price target range for Varonis Systems, with an average target of $58.50, and the stock currently holds a "Moderate Buy" rating.

Fox Run Management L.L.C. reduced its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 43.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,903 shares of the technology company's stock after selling 16,887 shares during the period. Fox Run Management L.L.C.'s holdings in Varonis Systems were worth $886,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of Varonis Systems by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,196 shares of the technology company's stock valued at $1,430,000 after buying an additional 962 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Varonis Systems during the 4th quarter valued at about $21,860,000. Summit Investment Advisors Inc. grew its position in Varonis Systems by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock worth $512,000 after purchasing an additional 365 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Varonis Systems in the fourth quarter valued at approximately $3,930,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Varonis Systems by 616.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 25,800 shares of the technology company's stock valued at $1,146,000 after acquiring an additional 22,200 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VRNS has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wedbush increased their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock an "outperform" 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 company an "outperform" rating in a report on Wednesday, July 30th. Susquehanna lifted their target price on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. Finally, DA Davidson lifted their target price on shares of Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Varonis Systems presently has an average rating of "Moderate Buy" and an average target price of $59.25.

Insider Buying and Selling

In other news, CFO Guy Melamed sold 42,705 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.72, for a total value of $2,464,932.60. Following the sale, the chief financial officer directly owned 427,897 shares in the company, valued at approximately $24,698,214.84. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 128,666 shares in the company, valued at approximately $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,594 shares of company stock worth $5,789,257. 2.30% of the stock is currently owned by corporate insiders.

Varonis Systems Stock Down 0.0%

VRNS traded down $0.02 during trading hours on Wednesday, hitting $58.19. 901,464 shares of the company's stock were exchanged, compared to its average volume of 1,560,525. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. The stock's 50-day moving average is $52.52 and its two-hundred day moving average is $46.47. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of -63.29 and a beta of 0.71.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $147.80 million. During the same period in the prior year, the firm earned $0.05 earnings per share. The company'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. Sell-side analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems 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.