Varonis Systems, Inc. $VRNS Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 319.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 971,544 shares of the technology company's stock after buying an additional 740,114 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.87% of Varonis Systems worth $48,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its stake 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 acquiring an additional 261 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Varonis Systems in the first quarter valued at approximately $69,000. PNC Financial Services Group Inc. boosted its stake in Varonis Systems by 45.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company's stock valued at $182,000 after acquiring an additional 1,401 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Varonis Systems in the fourth quarter valued at approximately $207,000. Finally, Caxton Associates LLP acquired a new position in Varonis Systems in the first quarter valued at approximately $200,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRNS has been the subject of a number of research reports. Jefferies Financial Group upgraded Varonis Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $50.00 to $65.00 in a research note on Thursday, July 24th. UBS Group boosted their price objective on Varonis Systems from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Varonis Systems in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Varonis Systems from $61.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Finally, B. Riley began coverage on Varonis Systems in a research report on Tuesday, August 26th. They set a "buy" rating and a $80.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Varonis Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.18.

Insider Buying and Selling at Varonis Systems

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

Varonis Systems Stock Performance

VRNS opened at $61.15 on Wednesday. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of -66.47 and a beta of 0.64. 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 business has a 50 day moving average price of $58.11 and a two-hundred day moving average price of $51.01.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. The firm had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

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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