Quantbot Technologies LP Invests $1.09 Million in Varonis Systems, Inc. $VRNS

Key Points

• Quantbot Technologies acquired 25,876 shares of Varonis Systems worth approximately $1.09 million during the second quarter. Institutional investors collectively own 95.65% of the company’s outstanding stock.
• Varonis exceeded quarterly expectations, reporting $0.04 in earnings per share versus the $0.01 consensus estimate and revenue of $180.02 million, up 18.3% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $49.05, compared with the stock’s reported price of $40.82.

Quantbot Technologies LP acquired a new position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,876 shares of the technology company's stock, valued at approximately $1,086,000.

Several other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Varonis Systems by 161.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company's stock worth $29,000 after purchasing an additional 839 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Varonis Systems during the fourth quarter valued at approximately $37,000. Fifth Third Bancorp boosted its position in shares of Varonis Systems by 10,694.1% during the first quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company's stock worth $39,000 after buying an additional 1,818 shares during the period. Essential Partners LLC boosted its position in shares of Varonis Systems by 72.5% during the first quarter. Essential Partners LLC now owns 2,054 shares of the technology company's stock worth $44,000 after buying an additional 863 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Varonis Systems during the second quarter worth approximately $55,000. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Performance

Shares of NASDAQ VRNS opened at $40.82 on Wednesday. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a fifty day moving average price of $42.43 and a two-hundred day moving average price of $31.90. The firm has a market cap of $4.69 billion, a P/E ratio of -33.19 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.The business had revenue of $180.02 million during the quarter, compared to analyst estimates of $176.83 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The company's revenue was up 18.3% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. Research analysts forecast that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on VRNS. Rosenblatt Securities restated a "buy" rating and issued a $55.00 target price on shares of Varonis Systems in a research report on Wednesday, July 29th. Citigroup raised their price target on Varonis Systems from $30.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. TD Cowen lifted their price objective on shares of Varonis Systems from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. B. Riley Financial upped their price objective on shares of Varonis Systems from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, Piper Sandler increased their target price on shares of Varonis Systems from $47.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $49.05.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company's flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.

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