WCM Investment Management LLC Purchases 28,046 Shares of Varonis Systems, Inc. $VRNS

Key Points

• WCM Investment Management LLC increased its stake in Varonis Systems, acquiring an additional 28,046 shares, bringing its total ownership to 434,028 shares, valued at approximately $21.8 million.
• Several other institutional investors also boosted their stakes in Varonis Systems, with significant increases from Goldman Sachs and Voya Investment Management, showing strong interest in the company's stock.
• Analyst ratings for Varonis Systems are mixed, with a range of ratings from "strong sell" to "overweight," and the average target price currently standing at $64.18.

WCM Investment Management LLC grew its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 434,028 shares of the technology company's stock after acquiring an additional 28,046 shares during the period. WCM Investment Management LLC owned 0.39% of Varonis Systems worth $21,814,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRNS. Goldman Sachs Group Inc. raised its position in Varonis Systems by 26.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company's stock valued at $165,231,000 after purchasing an additional 848,408 shares in the last quarter. RGM Capital LLC raised its position in Varonis Systems by 45.5% during the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company's stock valued at $109,479,000 after purchasing an additional 846,475 shares in the last quarter. Voya Investment Management LLC raised its position in Varonis Systems by 98.6% during the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company's stock valued at $93,897,000 after purchasing an additional 1,152,687 shares in the last quarter. Stephens Investment Management Group LLC raised its position in Varonis Systems by 14.7% during the first quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company's stock valued at $64,904,000 after purchasing an additional 205,781 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Varonis Systems by 52.2% during the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company's stock valued at $62,376,000 after purchasing an additional 529,182 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

Insider Activity at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 1,500 shares of Varonis Systems stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $59.59, for a total transaction of $89,385.00. Following the sale, the chief financial officer directly owned 412,105 shares of the company's stock, valued at approximately $24,557,336.95. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $165,240.00. Following the transaction, the director 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. Over the last ninety days, insiders have sold 113,386 shares of company stock worth $6,429,405. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

VRNS has been the topic of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Varonis Systems in a research report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a research note on Tuesday, July 22nd. Susquehanna raised their price objective on Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their price objective on Varonis Systems from $61.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Finally, Zacks Research cut Varonis Systems from a "hold" rating to a "strong sell" rating in a research note on Monday. Fourteen 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.18.

Varonis Systems Stock Down 1.0%

NASDAQ VRNS opened at $60.56 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $6.79 billion, a PE ratio of -65.83 and a beta of 0.64. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $63.90. The business's 50-day moving average is $58.21 and its 200 day moving average is $51.08.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results 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. The company had revenue of $152.16 million for the quarter, compared to analysts' expectations of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.Varonis Systems's quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $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. Sell-side analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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.

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