Varonis Systems, Inc. $VRNS Shares Purchased by Stephens Investment Management Group LLC

Key Points

• Stephens Investment Management Group LLC increased its stake in Varonis Systems, Inc. by 4.1%, owning approximately 1.49% of the company valued at $84.8 million.
• Several hedge funds made new acquisitions and adjustments to their stakes in Varonis Systems during the second quarter, highlighting increased institutional interest, as they collectively own 95.65% of the company's stock.
• Analysts have varied ratings for Varonis Systems, with Zacks downgrading it to a "strong sell," while others like Jefferies raised the price target significantly, indicating a consensus rating of "Moderate Buy" with a target price of $64.39.

Stephens Investment Management Group LLC boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,670,404 shares of the technology company's stock after purchasing an additional 65,846 shares during the period. Varonis Systems comprises approximately 1.1% of Stephens Investment Management Group LLC's holdings, making the stock its 27th largest position. Stephens Investment Management Group LLC owned about 1.49% of Varonis Systems worth $84,773,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. acquired a new stake in Varonis Systems in the second quarter valued at about $2,690,000. FNY Investment Advisers LLC acquired a new stake in Varonis Systems in the second quarter valued at about $156,000. Stephens Inc. AR lifted its position in Varonis Systems by 10.9% in the second quarter. Stephens Inc. AR now owns 8,934 shares of the technology company's stock valued at $453,000 after purchasing an additional 877 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Varonis Systems in the second quarter valued at about $418,000. Finally, Mutual of America Capital Management LLC lifted its position in Varonis Systems by 9.3% in the second quarter. Mutual of America Capital Management LLC now owns 93,174 shares of the technology company's stock valued at $4,729,000 after purchasing an additional 7,919 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VRNS shares. Zacks Research downgraded shares of Varonis Systems from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Varonis Systems in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of Varonis Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $50.00 to $65.00 in a research report on Thursday, July 24th. DA Davidson lifted their price target on shares of Varonis Systems from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $61.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Varonis Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.39.

Varonis Systems Trading Down 2.0%

Shares of Varonis Systems stock opened at $60.98 on Wednesday. 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 1 year low of $36.53 and a 1 year high of $63.90. The company has a market capitalization of $6.83 billion, a P/E ratio of -66.28 and a beta of 0.64. The business has a 50 day moving average price of $58.72 and a 200 day moving average price of $51.73.

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. Sell-side analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.10, for a total value 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 approximately $25,930,170.20. The trade was a 9.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the sale, the director directly owned 128,666 shares of the company's stock, valued at $7,086,923.28. The trade was a 2.28% 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 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.

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