Varonis Systems, Inc. $VRNS Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group cut its Varonis Systems stake by 88.5% in the second quarter, selling 2.32 million shares and retaining 301,098 shares worth approximately $12.6 million. Institutional investors collectively own 95.65% of VRNS.
• Analysts remain broadly optimistic, with 17 Buy ratings, six Holds and one Sell. The stock has a “Moderate Buy” consensus rating and an average price target of $49.05.
• Varonis beat quarterly expectations, reporting EPS of $0.04 versus the $0.01 consensus and revenue of $180.02 million, up 18.3% year over year. Shares opened at $43.77, while the company continues to report negative net margins and return on equity.

Alyeska Investment Group L.P. lowered its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 88.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,098 shares of the technology company's stock after selling 2,324,088 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.26% of Varonis Systems worth $12,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VRNS. Vanguard Group Inc. lifted its stake in Varonis Systems by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company's stock worth $440,119,000 after purchasing an additional 822,925 shares in the last quarter. First Trust Advisors LP grew its position in shares of Varonis Systems by 40.6% in the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company's stock valued at $145,214,000 after purchasing an additional 1,279,002 shares in the last quarter. RGM Capital LLC grew its position in shares of Varonis Systems by 17.1% in the fourth quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company's stock valued at $103,651,000 after purchasing an additional 460,580 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Varonis Systems by 43.4% in the first quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company's stock valued at $67,029,000 after purchasing an additional 944,676 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Varonis Systems by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company's stock valued at $92,943,000 after purchasing an additional 151,961 shares during the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lifted their price target on Varonis Systems from $30.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Truist Financial upped their price objective on shares of Varonis Systems from $34.00 to $52.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. TD Cowen raised their price objective on shares of Varonis Systems from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. KeyCorp began coverage on shares of Varonis Systems in a research note on Tuesday, May 26th. They set a "sector weight" rating on the stock. Finally, Susquehanna boosted their target price on shares of Varonis Systems from $36.00 to $55.00 and gave the company a "positive" rating in a report on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.05.

Varonis Systems Trading Down 0.3%

Shares of VRNS stock opened at $43.77 on Tuesday. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The company has a 50 day moving average price of $43.26 and a 200 day moving average price of $32.44. The stock has a market capitalization of $5.03 billion, a P/E ratio of -35.59 and a beta of 0.83. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The company had revenue of $180.02 million for the quarter, compared to analyst estimates of $176.83 million. Varonis Systems had a negative return on equity of 19.18% and a negative net margin of 20.55%.Varonis Systems's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. Equities research analysts predict that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Varonis Systems Profile

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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