MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $33.72 Million Stock Holdings in Varonis Systems, Inc. $VRNS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its holdings in Varonis Systems by 7.9%, owning 833,486 shares valued at approximately $33.7 million.
• Analysts have raised their price targets for Varonis Systems, with Morgan Stanley setting a new target of $66.00, indicating a generally positive consensus among analysts.
• Insider transactions included CFO Guy Melamed selling 51,889 shares at an average price of $55.10, reflecting a 9.93% decrease in his position within the company.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,486 shares of the technology company's stock after buying an additional 61,094 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.74% of Varonis Systems worth $33,722,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VRNS. Quarry LP lifted its position in Varonis Systems by 31.8% during the 1st quarter. Quarry LP now owns 1,082 shares of the technology company's stock worth $44,000 after buying an additional 261 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Varonis Systems in the first quarter valued at about $69,000. NBC Securities Inc. boosted its holdings in Varonis Systems by 100,200.0% in the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after acquiring an additional 2,004 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Varonis Systems in the fourth quarter valued at about $163,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Varonis Systems by 45.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company's stock valued at $182,000 after acquiring an additional 1,401 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Down 2.0%

NASDAQ:VRNS traded down $1.13 during trading hours on Friday, reaching $56.06. 262,844 shares of the stock were exchanged, compared to its average volume of 1,534,351. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month 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 firm has a 50 day moving average of $55.13 and a 200 day moving average of $48.12. The stock has a market cap of $6.28 billion, a PE ratio of -61.08 and a beta of 0.67.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly 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. The firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The business's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Insiders Place Their Bets

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the transaction, the director directly owned 128,666 shares of the company's stock, valued at $7,086,923.28. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value of $89,385.00. Following the completion of the transaction, the chief financial officer directly owned 412,105 shares in the company, valued at approximately $24,557,336.95. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,386 shares of company stock worth $6,429,405. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley started coverage on Varonis Systems in a report on Tuesday, August 26th. They issued a "buy" rating and a $80.00 price target on the stock. UBS Group upped their price target on Varonis Systems from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Barclays upped their price target on Varonis Systems from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Wedbush reaffirmed an "outperform" rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $64.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $61.65.

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.