Woodline Partners LP Makes New $8.63 Million Investment in Varonis Systems, Inc. $VRNS

Key Points

• Woodline Partners LP acquired 213,282 shares of Varonis Systems, Inc. valued at approximately $8.6 million, increasing their stake to about 0.19% of the company.
• Varonis Systems reported a 16.7% year-over-year revenue increase of $152.16 million in its latest quarterly earnings, along with an EPS of $0.03, exceeding analysts' expectations.
• Analysts are optimistic about Varonis Systems, with a consensus rating of "Moderate Buy" and a target price of around $61.65, following recent upgrades from multiple firms.

Woodline Partners LP acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 213,282 shares of the technology company's stock, valued at approximately $8,627,000. Woodline Partners LP owned approximately 0.19% of Varonis Systems as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its position in Varonis Systems by 31.8% during the 1st quarter. Quarry LP now owns 1,082 shares of the technology company's stock valued at $44,000 after buying an additional 261 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Varonis Systems in the 1st quarter worth $69,000. NBC Securities Inc. increased its holdings in shares of Varonis Systems by 100,200.0% in the 1st quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock worth $81,000 after purchasing an additional 2,004 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Varonis Systems in the 4th quarter worth $163,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Varonis Systems by 45.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company's stock worth $182,000 after purchasing an additional 1,401 shares in the last quarter. Institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Performance

NASDAQ VRNS traded up $0.44 on Wednesday, hitting $57.60. 524,952 shares of the company traded hands, compared to its average volume of 1,531,730. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -62.58 and a beta of 0.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.32. The business's 50 day moving average price is $55.45 and its 200-day moving average price is $48.44. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58.

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, beating 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 company had revenue of $152.16 million for the quarter, compared to the consensus estimate of $147.80 million. During the same period in the previous year, the business earned $0.05 earnings per share. Varonis Systems'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. Equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Insider Activity

In other news, CFO Guy Melamed sold 51,889 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the transaction, the chief financial officer directly owned 470,602 shares in the company, valued at $25,930,170.20. The trade was a 9.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the completion of the sale, the director directly owned 128,666 shares in the company, valued at $7,086,923.28. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,386 shares of company stock worth $6,429,405 over the last 90 days. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird lifted their target price on Varonis Systems from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded Varonis Systems from a "hold" rating to a "buy" rating and raised their price target for the stock from $50.00 to $65.00 in a research note on Thursday, July 24th. UBS Group raised their price target on Varonis Systems from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. DA Davidson raised their price target on Varonis Systems from $47.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded Varonis Systems from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $51.00 to $70.00 in a research note on Monday, August 11th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Varonis Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.65.

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.