Varonis Systems, Inc. $VRNS Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its stake in Varonis Systems by 59.0%, now holding 8,554 shares valued at approximately $346,000 after selling 12,330 shares in the first quarter.
• Despite the reduction by Inspire Investing, other institutional investors, including Rhumbline Advisers and Intech Investment Management LLC, increased their positions in Varonis Systems during the same period.
• Varonis Systems reported earnings of $0.03 per share for the latest quarter, exceeding expectations, and provided future guidance for FY 2025 EPS between 0.160-0.180.

Inspire Investing LLC lowered its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 59.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,554 shares of the technology company's stock after selling 12,330 shares during the period. Inspire Investing LLC's holdings in Varonis Systems were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRNS. Captrust Financial Advisors raised its position in Varonis Systems by 66.6% during the fourth quarter. Captrust Financial Advisors now owns 13,765 shares of the technology company's stock worth $612,000 after acquiring an additional 5,502 shares during the last quarter. Man Group plc raised its position in Varonis Systems by 128.0% during the fourth quarter. Man Group plc now owns 352,629 shares of the technology company's stock worth $15,667,000 after acquiring an additional 198,001 shares during the last quarter. ProShare Advisors LLC raised its position in Varonis Systems by 47.9% during the fourth quarter. ProShare Advisors LLC now owns 31,363 shares of the technology company's stock worth $1,393,000 after acquiring an additional 10,157 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Varonis Systems during the fourth quarter worth about $163,000. Finally, Teza Capital Management LLC raised its position in Varonis Systems by 3.1% during the fourth quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock worth $437,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems Trading Up 1.0%

Shares of VRNS traded up $0.57 during mid-day trading on Friday, reaching $58.06. The company had a trading volume of 3,412,272 shares, compared to its average volume of 1,279,114. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The firm has a fifty day simple moving average of $55.81 and a 200-day simple moving average of $48.72. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of -63.11 and a beta of 0.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued 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. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The business had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same period last year, the company posted $0.05 EPS. The business's quarterly 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. On average, sell-side analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on VRNS. B. Riley began coverage on shares of Varonis Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $80.00 target price for the company. Citigroup lifted their target price 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. Wells Fargo & Company raised shares of Varonis Systems from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $51.00 to $70.00 in a research report on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price objective on shares of Varonis Systems in a research report on Wednesday, September 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $60.00 price objective on shares of Varonis Systems in a research report on Tuesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.65.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of the 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 of the company's stock, valued at approximately $7,086,923.28. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Guy Melamed sold 1,500 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer owned 412,105 shares in the company, valued at $24,557,336.95. The trade was a 0.36% decrease in their position. 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 in the last quarter. Company insiders own 2.30% of the company's stock.

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.