Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Senvest Management LLC

Senvest Management LLC reduced its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,795 shares of the technology company's stock after selling 311,825 shares during the quarter. Senvest Management LLC owned 0.17% of Varonis Systems worth $8,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in shares of Varonis Systems during the 1st quarter valued at about $26,000. Point72 Hong Kong Ltd purchased a new stake in shares of Varonis Systems during the 2nd quarter valued at about $30,000. Pinebridge Investments L.P. purchased a new stake in shares of Varonis Systems during the 2nd quarter valued at about $33,000. Quadrant Capital Group LLC boosted its holdings in shares of Varonis Systems by 87.2% during the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company's stock valued at $42,000 after acquiring an additional 429 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of Varonis Systems in the third quarter worth approximately $43,000. 95.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Varonis Systems from $49.00 to $50.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. Wells Fargo & Company raised their price objective on shares of Varonis Systems from $42.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th. Susquehanna began coverage on shares of Varonis Systems in a report on Friday, December 15th. They issued a "positive" rating and a $55.00 price objective on the stock. Citigroup lifted their price target on shares of Varonis Systems from $35.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, January 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $56.00 price target on shares of Varonis Systems in a report on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.81.

Insider Buying and Selling

In related news, EVP David Bass sold 116,325 shares of the business's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $50.32, for a total value of $5,853,474.00. Following the sale, the executive vice president now owns 650,972 shares in the company, valued at $32,756,911.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Varonis Systems news, EVP David Bass sold 116,325 shares of Varonis Systems stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $50.32, for a total transaction of $5,853,474.00. Following the completion of the transaction, the executive vice president now directly owns 650,972 shares of the company's stock, valued at $32,756,911.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Guy Melamed sold 188,503 shares of Varonis Systems stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $49.88, for a total transaction of $9,402,529.64. Following the transaction, the chief financial officer now directly owns 645,876 shares of the company's stock, valued at $32,216,294.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 372,419 shares of company stock worth $18,571,413. Insiders own 2.40% of the company's stock.

Varonis Systems Price Performance

Shares of Varonis Systems stock traded up $1.08 on Friday, hitting $47.81. 1,048,691 shares of the company traded hands, compared to its average volume of 947,365. The business has a 50-day simple moving average of $48.56 and a 200 day simple moving average of $42.13. Varonis Systems, Inc. has a 52 week low of $22.34 and a 52 week high of $52.88. The stock has a market capitalization of $5.22 billion, a P/E ratio of -51.97 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.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. The company had revenue of $154.10 million for the quarter, compared to analysts' expectations of $151.64 million. Research analysts expect that Varonis Systems, Inc. will post -0.96 earnings per share 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.