Granahan Investment Management LLC Grows Stock Holdings in Varonis Systems, Inc. $VRNS

Key Points

• Granahan Investment Management LLC significantly increased its stake in Varonis Systems by 45.6% during the first quarter, owning approximately 199,493 shares valued at $8.07 million.
• Several other institutional investors, including RGM Capital LLC and Deutsche Bank AG, also boosted their holdings, leading to institutional ownership of 95.65% of Varonis Systems' stock.
• Varonis Systems reported a quarterly earnings per share of $0.03, exceeding estimates, and provided FY 2025 guidance of 0.160-0.180 EPS, with analysts maintaining a moderately positive outlook on the stock.

Granahan Investment Management LLC boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 45.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,493 shares of the technology company's stock after purchasing an additional 62,488 shares during the period. Granahan Investment Management LLC owned about 0.18% of Varonis Systems worth $8,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in Varonis Systems by 71.8% in the first quarter. AQR Capital Management LLC now owns 499,730 shares of the technology company's stock valued at $20,214,000 after purchasing an additional 208,891 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Varonis Systems in the first quarter valued at about $28,871,000. Quarry LP lifted its position in Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company's stock valued at $44,000 after purchasing an additional 261 shares during the period. Panagora Asset Management Inc. lifted its position in Varonis Systems by 20.6% in the first quarter. Panagora Asset Management Inc. now owns 258,000 shares of the technology company's stock valued at $10,436,000 after purchasing an additional 44,033 shares during the period. Finally, Vident Advisory LLC lifted its position in Varonis Systems by 122.0% in the first quarter. Vident Advisory LLC now owns 190,635 shares of the technology company's stock valued at $7,711,000 after purchasing an additional 104,765 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VRNS. Morgan Stanley lifted their price target on shares of Varonis Systems from $59.00 to $66.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Wedbush reiterated an "outperform" rating and set a $65.00 price target on shares of Varonis Systems in a research report on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 price target on shares of Varonis Systems in a research report on Tuesday, July 22nd. DA Davidson lifted their price target on shares of Varonis Systems from $47.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Citigroup lifted their price target on shares of Varonis Systems from $51.00 to $58.00 and gave the company a "neutral" rating in a research report on Monday, August 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.65.

Varonis Systems Price Performance

Shares of Varonis Systems stock traded up $0.30 during trading on Friday, hitting $56.03. 952,768 shares of the company were exchanged, compared to its average volume of 1,377,126. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of -60.90 and a beta of 0.67. The firm has a 50 day moving average price of $54.60 and a 200 day moving average price of $47.79.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. During the same period in the previous year, the firm posted $0.05 EPS. The company's quarterly revenue was up 16.7% compared to the same quarter last year. 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, equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the sale, the director directly owned 128,666 shares of the company's stock, valued at approximately $7,086,923.28. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 470,602 shares of the company's stock, valued at $25,930,170.20. The trade was a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,386 shares of company stock valued at $6,429,405 over the last 90 days. Insiders own 2.30% of the company's stock.

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.