Varonis Systems, Inc. $VRNS Shares Sold by KBC Group NV

Key Points

• KBC Group NV reduced its Varonis Systems stake by 94.2% in the first quarter, selling 225,827 shares and retaining 13,871 shares worth approximately $298,000. Institutional investors and hedge funds collectively own 95.65% of the company.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $45.42. Recent targets include $55 from B. Riley and $40 from Needham.
• Varonis reported quarterly revenue of $173.13 million, up 26.9% year over year, and earnings of $0.06 per share, exceeding estimates. The stock opened at $45.74, compared with a 52-week range of $19.70 to $63.90.

KBC Group NV lowered its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 94.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,871 shares of the technology company's stock after selling 225,827 shares during the quarter. KBC Group NV's holdings in Varonis Systems were worth $298,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Signaturefd LLC increased its position in shares of Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company's stock worth $33,000 after purchasing an additional 322 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Varonis Systems by 5.5% in the second quarter. Benjamin Edwards Inc. now owns 6,692 shares of the technology company's stock valued at $340,000 after buying an additional 351 shares during the last quarter. Amundi lifted its position in Varonis Systems by 0.7% in the third quarter. Amundi now owns 52,886 shares of the technology company's stock valued at $3,212,000 after buying an additional 387 shares during the last quarter. Osaic Holdings Inc. lifted its position in Varonis Systems by 10.5% in the second quarter. Osaic Holdings Inc. now owns 4,647 shares of the technology company's stock valued at $234,000 after buying an additional 440 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company's stock worth $40,000 after buying an additional 463 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Varonis Systems from $36.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. KeyCorp started coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They issued a "sector weight" rating on the stock. Citigroup reaffirmed an "overweight" rating on shares of Varonis Systems in a research report on Friday. Susquehanna lifted their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. Finally, B. Riley Financial boosted their target price on Varonis Systems from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $45.42.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $45.74 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $5.25 billion, a P/E ratio of -40.12 and a beta of 0.83. The stock has a 50-day moving average of $37.99 and a two-hundred day moving average of $30.40. Varonis Systems, Inc. has a 1-year low of $19.70 and a 1-year high of $63.90.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The business had revenue of $173.13 million for the quarter, compared to analysts' expectations of $165.52 million. The company's quarterly revenue 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. As a group, analysts anticipate that Varonis Systems, Inc. will post -1.05 EPS for the current year.

Varonis Systems Company 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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