Goldman Sachs Group Inc. Has $165.23 Million Holdings in Varonis Systems, Inc. $VRNS

Key Points

• Goldman Sachs Group Inc. increased its stake in Varonis Systems by 26.2% in the first quarter, owning 4,084,830 shares valued at approximately $165 million.
• Varonis Systems reported a revenue increase of 16.7% year-over-year, with quarterly earnings exceeding analyst expectations at $0.03 EPS.
• Investment analysts maintain a consensus rating of "Moderate Buy" for Varonis Systems, with a target price averaging $61.65.

Goldman Sachs Group Inc. lifted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 26.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,084,830 shares of the technology company's stock after acquiring an additional 848,408 shares during the quarter. Goldman Sachs Group Inc. owned about 3.65% of Varonis Systems worth $165,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Varonis Systems during the first quarter valued at approximately $233,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Varonis Systems by 7.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 833,486 shares of the technology company's stock valued at $33,722,000 after acquiring an additional 61,094 shares during the period. Granahan Investment Management LLC increased its stake in shares of Varonis Systems by 45.6% during the first quarter. Granahan Investment Management LLC now owns 199,493 shares of the technology company's stock valued at $8,069,000 after acquiring an additional 62,488 shares during the period. AQR Capital Management LLC increased its stake in shares of Varonis Systems by 71.8% during the first quarter. AQR Capital Management LLC now owns 499,730 shares of the technology company's stock valued at $20,214,000 after acquiring an additional 208,891 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Varonis Systems during the first quarter valued at approximately $28,871,000. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems Trading Up 1.7%

NASDAQ VRNS traded up $0.97 on Tuesday, hitting $57.16. 1,907,844 shares of the stock were exchanged, compared to its average volume of 1,240,455. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of -62.13 and a beta of 0.67. The company's 50-day moving average price is $55.45 and its two-hundred day moving average price is $48.44.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data 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. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm had revenue of $152.16 million for the quarter, compared to analysts' expectations of $147.80 million. During the same period in the previous year, the company posted $0.05 EPS. The company's quarterly revenue was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Insider Buying and Selling at Varonis Systems

In other news, Director Den Bosch Fred Van sold 3,000 shares of the business'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 transaction, the director directly owned 128,666 shares in the company, valued at $7,086,923.28. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Guy Melamed sold 51,889 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the transaction, the chief financial officer owned 470,602 shares in the company, valued at approximately $25,930,170.20. This represents a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,386 shares of company stock worth $6,429,405. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VRNS shares. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. DA Davidson lifted their price target on shares of Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Varonis Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $50.00 to $65.00 in a research report on Thursday, July 24th. Citigroup lifted their price target on shares of Varonis Systems from $51.00 to $58.00 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Finally, Barclays lifted their price target on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $61.65.

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.