Varonis Systems, Inc. $VRNS Holdings Decreased by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its holdings in Varonis Systems by 5.9%, selling 19,686 shares to end the first quarter with about 311,739 shares, valued at $12.6 million.
• Several hedge funds increased their positions in Varonis Systems, with RGM Capital LLC leading by growing its stake by 45.5%, now owning over 2.7 million shares worth $109.5 million.
• Varonis Systems reported an earnings per share of $0.03, exceeding expectations, alongside a revenue of $152.16 million, which was above the forecast of $147.80 million.

Trexquant Investment LP lessened its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,739 shares of the technology company's stock after selling 19,686 shares during the quarter. Trexquant Investment LP owned approximately 0.28% of Varonis Systems worth $12,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRNS. Quarry LP purchased a new stake in Varonis Systems during the 4th quarter worth about $36,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Varonis Systems in the 1st quarter valued at about $69,000. NBC Securities Inc. grew its holdings in Varonis Systems by 100,200.0% in the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after buying an additional 2,004 shares during the period. Raiffeisen Bank International AG purchased a new stake in Varonis Systems in the 4th quarter valued at about $163,000. Finally, PNC Financial Services Group Inc. grew its holdings in Varonis Systems by 45.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company's stock valued at $182,000 after buying an additional 1,401 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

Insider Buying and Selling

In other Varonis Systems news, CFO Guy Melamed sold 51,889 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $25,930,170.20. This represents a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,994 shares of company stock worth $6,408,369. 2.30% of the stock is currently owned by corporate insiders.

Varonis Systems Stock Down 0.2%

Varonis Systems stock traded down $0.14 during midday trading on Friday, hitting $59.02. 1,025,721 shares of the company were exchanged, compared to its average volume of 1,381,474. The company's fifty day moving average price is $53.96 and its 200-day moving average price is $47.35. The company has a market cap of $6.61 billion, a PE ratio of -64.15 and a beta of 0.67. 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 fifty-two week low of $36.53 and a fifty-two week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results 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. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same period in the prior year, the company posted $0.05 EPS. Varonis Systems's quarterly revenue was up 16.7% on a year-over-year basis. 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, research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VRNS. Susquehanna lifted their price objective on Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. Wedbush lifted their price objective on Varonis Systems from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Needham & Company LLC lifted their price objective on Varonis Systems from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on Varonis Systems from $58.00 to $64.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Citigroup lifted their price objective on Varonis Systems from $51.00 to $58.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.