RGM Capital LLC Has $109.48 Million Stock Position in Varonis Systems, Inc. $VRNS

Key Points

• RGM Capital LLC increased its position in Varonis Systems by 45.5% during Q1, now owning 2,706,531 shares valued at approximately $109.5 million.
• Insiders have recently sold significant amounts of Varonis stock, including CFO Guy Melamed, who sold 42,705 shares for about $2.46 million. Insiders now hold only 2.30% of the company's stock.
• Analysts have varied opinions on Varonis, with price targets ranging from $45 to $70 and a consensus rating of "Moderate Buy."

RGM Capital LLC increased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,706,531 shares of the technology company's stock after buying an additional 846,475 shares during the period. Varonis Systems accounts for about 4.5% of RGM Capital LLC's investment portfolio, making the stock its 12th biggest holding. RGM Capital LLC owned approximately 2.42% of Varonis Systems worth $109,479,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Rafferty Asset Management LLC grew its holdings in Varonis Systems by 24.2% during the 1st quarter. Rafferty Asset Management LLC now owns 12,400 shares of the technology company's stock worth $502,000 after acquiring an additional 2,416 shares during the period. Thematics Asset Management boosted its position in shares of Varonis Systems by 10.2% in the 1st quarter. Thematics Asset Management now owns 498,229 shares of the technology company's stock worth $20,153,000 after purchasing an additional 46,229 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its position in shares of Varonis Systems by 69.3% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 153,854 shares of the technology company's stock worth $6,223,000 after purchasing an additional 62,973 shares during the last quarter. Capital Fund Management S.A. grew its stake in shares of Varonis Systems by 235.9% during the first quarter. Capital Fund Management S.A. now owns 234,038 shares of the technology company's stock worth $9,467,000 after purchasing an additional 164,369 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Varonis Systems during the first quarter worth $69,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VRNS shares. Citigroup raised their target price on Varonis Systems from $51.00 to $58.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Needham & Company LLC increased their price target on shares of Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a research note on Tuesday, July 22nd. UBS Group boosted their price objective on shares of Varonis Systems from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Barclays upped their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Varonis Systems presently has an average rating of "Moderate Buy" and a consensus price target of $60.47.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the sale, the director owned 128,666 shares in the company, valued at approximately $7,086,923.28. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 10,400 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $59.53, for a total value of $619,112.00. Following the completion of the transaction, the chief financial officer owned 417,497 shares of the company's stock, valued at approximately $24,853,596.41. This represents a 2.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,994 shares of company stock worth $6,408,369. 2.30% of the stock is owned by company insiders.

Varonis Systems Stock Up 1.1%

NASDAQ VRNS traded up $0.67 during trading on Thursday, hitting $59.16. The stock had a trading volume of 902,682 shares, compared to its average volume of 1,518,590. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. The company's 50-day moving average price is $53.76 and its two-hundred day moving average price is $47.18. The company has a market capitalization of $6.63 billion, a PE ratio of -64.30 and a beta of 0.71.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. The company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The firm's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. As a group, sell-side analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current year.

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.