Varonis Systems, Inc. $VRNS Position Decreased by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital cut its stake in Varonis by 41.2% in Q4, selling 126,477 shares and ending the period with 180,358 shares (about $5.92M), while institutional investors own roughly 95.65% of the company.
• Varonis beat April quarter estimates (EPS $0.06 vs. consensus -$0.05; revenue $173.1M vs. $165.5M), issued FY‑2026 guidance of ~$0.11–$0.12 EPS, and carries a MarketBeat consensus rating of "Moderate Buy" with a $41.42 target.
• Company insiders increased holdings in February (Director John J. Gavin Jr. bought 5,000 shares; EVP David Bass bought 2,980), with insiders purchasing 25,780 shares (~$579K) in the quarter and owning 2.30% of the stock.

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,358 shares of the technology company's stock after selling 126,477 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.15% of Varonis Systems worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Hodges Capital Management Inc. grew its position in Varonis Systems by 146.3% in the third quarter. Hodges Capital Management Inc. now owns 126,450 shares of the technology company's stock worth $7,267,000 after buying an additional 75,120 shares during the last quarter. Readystate Asset Management LP acquired a new position in Varonis Systems in the third quarter worth approximately $13,731,000. AustralianSuper Pty Ltd grew its position in Varonis Systems by 29.6% in the third quarter. AustralianSuper Pty Ltd now owns 602,379 shares of the technology company's stock worth $34,619,000 after buying an additional 137,713 shares during the last quarter. Ion Asset Management Ltd. acquired a new position in Varonis Systems in the third quarter worth approximately $5,172,000. Finally, Elo Mutual Pension Insurance Co acquired a new position in Varonis Systems in the third quarter worth approximately $1,477,000. Institutional investors own 95.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VRNS. Citigroup raised their price objective on shares of Varonis Systems from $28.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday. DA Davidson raised their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Varonis Systems in a research note on Wednesday, January 21st. William Blair reaffirmed a "market perform" rating on shares of Varonis Systems in a research note on Monday, March 23rd. Finally, Needham & Company LLC raised their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.42.

Insider Buying and Selling at Varonis Systems

In related news, Director John J. Gavin, Jr. bought 5,000 shares of the firm's stock in a transaction on Friday, February 6th. The stock was bought at an average price of $22.54 per share, with a total value of $112,700.00. Following the purchase, the director directly owned 273,666 shares of the company's stock, valued at approximately $6,168,431.64. This represents a 1.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Bass bought 2,980 shares of the firm's stock in a transaction on Monday, February 9th. The shares were bought at an average cost of $23.47 per share, with a total value of $69,940.60. Following the purchase, the executive vice president directly owned 1,042,924 shares in the company, valued at approximately $24,477,426.28. This trade represents a 0.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 25,780 shares of company stock valued at $579,403 in the last quarter. Company insiders own 2.30% of the company's stock.

Varonis Systems Trading Up 0.8%

Varonis Systems stock opened at $26.50 on Friday. The company has a 50 day moving average price of $23.37 and a 200 day moving average price of $31.26. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $63.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.97 and a current ratio of 1.69. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -23.25 and a beta of 0.80.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.11. The company had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company's revenue for the quarter was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Research analysts forecast that Varonis Systems, Inc. will post -1.05 EPS for the current year.

About Varonis Systems

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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