Assenagon Asset Management S.A. Reduces Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Assenagon Asset Management S.A. reduced its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,752 shares of the technology company's stock after selling 125,166 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of Varonis Systems worth $4,788,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new position in shares of Varonis Systems in the first quarter valued at approximately $26,000. Point72 Hong Kong Ltd purchased a new position in shares of Varonis Systems in the second quarter valued at approximately $30,000. Pinebridge Investments L.P. purchased a new position in shares of Varonis Systems in the second quarter valued at approximately $33,000. Comerica Bank purchased a new position in shares of Varonis Systems in the third quarter valued at approximately $43,000. Finally, Captrust Financial Advisors lifted its position in Varonis Systems by 35.9% during the first quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company's stock worth $66,000 after buying an additional 366 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRNS has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Varonis Systems from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. Susquehanna initiated coverage on Varonis Systems in a research report on Friday, December 15th. They set a "positive" rating and a $55.00 price objective on the stock. Piper Sandler lifted their price objective on Varonis Systems from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. JMP Securities restated a "market outperform" rating and issued a $63.00 target price on shares of Varonis Systems in a research report on Monday, February 5th. Finally, Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Varonis Systems in a research report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Varonis Systems has an average rating of "Moderate Buy" and an average price target of $48.81.

Insider Buying and Selling

In related news, Director Ofer Segev sold 5,000 shares of the business's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $52.13, for a total transaction of $260,650.00. Following the completion of the transaction, the director now directly owns 75,682 shares of the company's stock, valued at approximately $3,945,302.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ofer Segev sold 5,000 shares of the company's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $52.13, for a total transaction of $260,650.00. Following the completion of the transaction, the director now directly owns 75,682 shares of the company's stock, valued at approximately $3,945,302.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Dov Gottlieb sold 43,091 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $48.02, for a total value of $2,069,229.82. Following the transaction, the vice president now directly owns 227,654 shares of the company's stock, valued at $10,931,945.08. The disclosure for this sale can be found here. Insiders sold 372,419 shares of company stock valued at $18,571,413 in the last three months. 2.40% of the stock is owned by corporate insiders.

Varonis Systems Trading Down 0.8 %

Shares of NASDAQ VRNS traded down $0.36 during trading on Monday, reaching $46.81. The stock had a trading volume of 904,618 shares, compared to its average volume of 1,267,589. Varonis Systems, Inc. has a fifty-two week low of $22.34 and a fifty-two week high of $52.88. The company has a market cap of $5.11 billion, a P/E ratio of -50.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.50 and a current ratio of 2.50. The business's 50-day moving average price is $48.45 and its 200-day moving average price is $41.78.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. The firm had revenue of $154.10 million during the quarter, compared to analysts' expectations of $151.64 million. On average, equities research analysts predict that Varonis Systems, Inc. will post -0.96 EPS for the current fiscal year.

About Varonis Systems

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.