Varonis Systems, Inc. $VRNS Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. significantly reduced its stake in Varonis Systems, selling 666,623 shares and holding only 88,918 shares, representing an 88.2% decrease.
• Despite the sale, Varonis Systems reported $152.16 million in revenue for the quarter, exceeding analyst estimates, and expecting future earnings per share guidance between 0.160-0.180 for FY 2025.
• Analysts are optimistic about Varonis Systems, with many firms raising their price targets and a consensus rating of "Moderate Buy" along with a target price averaging $60.47.

Invesco Ltd. decreased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 88.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,918 shares of the technology company's stock after selling 666,623 shares during the quarter. Invesco Ltd. owned 0.08% of Varonis Systems worth $3,597,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its holdings in Varonis Systems by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,953,810 shares of the technology company's stock valued at $86,807,000 after acquiring an additional 431,306 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of Varonis Systems by 14.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock worth $64,904,000 after buying an additional 205,781 shares during the period. Penserra Capital Management LLC raised its stake in shares of Varonis Systems by 52.2% during the 1st quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock worth $62,376,000 after buying an additional 529,182 shares during the period. Phoenix Financial Ltd. raised its stake in shares of Varonis Systems by 30.2% during the 1st quarter. Phoenix Financial Ltd. now owns 1,482,287 shares of the technology company's stock worth $59,964,000 after buying an additional 343,709 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of Varonis Systems by 64.5% during the 4th quarter. Two Sigma Advisers LP now owns 1,380,200 shares of the technology company's stock worth $61,322,000 after buying an additional 541,000 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total transaction of $300,000.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 51,889 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the transaction, the chief financial officer directly owned 470,602 shares in the company, valued at approximately $25,930,170.20. The trade was a 9.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,994 shares of company stock valued at $6,408,369. Company insiders own 2.30% of the company's stock.

Varonis Systems Trading Down 0.2%

NASDAQ:VRNS traded down $0.14 during trading hours on Friday, hitting $59.02. The company had a trading volume of 1,025,721 shares, compared to its average volume of 1,433,694. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $53.96 and a 200 day moving average of $47.35. The company has a market cap of $6.61 billion, a P/E ratio of -64.15 and a beta of 0.71. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The business had revenue of $152.16 million during the quarter, compared to analysts' expectations of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company's revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. 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 expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

VRNS has been the subject of several research analyst reports. B. Riley initiated coverage on Varonis Systems in a research note on Tuesday, August 26th. They set a "buy" rating and a $80.00 target price for the company. Robert W. Baird boosted their price target on Varonis Systems from $58.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Barclays boosted their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 price target on shares of Varonis Systems in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their price target on Varonis Systems from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.47.

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.