Varonis Systems, Inc. $VRNS Shares Purchased by Thematics Asset Management

Key Points

• Thematics Asset Management increased its stake in Varonis Systems by 10.2%, acquiring an additional 46,229 shares, bringing its total to 498,229 shares worth approximately $20.15 million.
• Several analysts have raised their price targets for Varonis Systems, with the consensus now at $59.25 following multiple upgrades and "outperform" ratings from firms like Robert W. Baird and Royal Bank of Canada.
• In recent insider trading, CFO Guy Melamed sold 42,705 shares at an average price of $57.72, reflecting a decrease in his ownership position by 9.07%.

Thematics Asset Management grew its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 498,229 shares of the technology company's stock after buying an additional 46,229 shares during the period. Thematics Asset Management owned 0.45% of Varonis Systems worth $20,153,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Brown Advisory Inc. bought a new stake in Varonis Systems during the first quarter worth about $346,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Varonis Systems by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock valued at $352,000 after purchasing an additional 1,323 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Varonis Systems by 14.7% during the first quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock valued at $64,904,000 after purchasing an additional 205,781 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Varonis Systems by 52.2% in the 1st quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock worth $62,376,000 after purchasing an additional 529,182 shares in the last quarter. Finally, Legacy Advisors LLC grew its stake in shares of Varonis Systems by 164.5% in the 1st quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock worth $853,000 after buying an additional 13,115 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Price Performance

Shares of VRNS stock traded up $0.67 during mid-day trading on Thursday, hitting $59.16. The company had a trading volume of 894,491 shares, compared to its average volume of 1,554,511. The company has a market capitalization of $6.63 billion, a P/E ratio of -64.30 and a beta of 0.71. The stock's 50 day moving average price is $53.57 and its 200-day moving average price is $47.07. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58.

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

Analyst Ratings Changes

VRNS has been the subject of a number of recent research reports. DA Davidson lifted their price objective on Varonis Systems from $47.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. B. Riley initiated coverage on Varonis Systems in a report on Tuesday. They set a "buy" rating and a $80.00 price target for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $60.00 price target on shares of Varonis Systems in a research note on Tuesday, July 22nd. Susquehanna increased their price objective on shares of Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Finally, UBS Group lifted their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.47.

Insider Buying and Selling

In other news, Director Den Bosch Fred Van sold 6,000 shares of Varonis Systems stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the completion of the sale, the director directly owned 131,666 shares in the company, valued at approximately $6,583,300. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Guy Melamed sold 51,889 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the transaction, the chief financial officer directly owned 470,602 shares of the company's stock, valued at approximately $25,930,170.20. This trade represents a 9.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,994 shares of company stock valued at $6,408,369 in the last three months. 2.30% of the stock is currently owned by insiders.

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.