Peregrine Capital Management LLC decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,006 shares of the technology company's stock after selling 69,032 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.21% of Varonis Systems worth $10,324,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp grew its position in Varonis Systems by 5.6% in the 1st quarter. Mackenzie Financial Corp now owns 6,103 shares of the technology company's stock worth $290,000 after purchasing an additional 325 shares during the last quarter. Teacher Retirement System of Texas grew its position in Varonis Systems by 4.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company's stock worth $260,000 after purchasing an additional 356 shares during the last quarter. Captrust Financial Advisors grew its position in Varonis Systems by 35.9% in the 1st quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company's stock worth $66,000 after purchasing an additional 366 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Varonis Systems by 1.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 43,698 shares of the technology company's stock worth $1,281,000 after purchasing an additional 803 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Varonis Systems by 0.7% in the 1st quarter. Rhumbline Advisers now owns 112,981 shares of the technology company's stock worth $5,371,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.
Insider Activity at Varonis Systems
In related news, EVP David Bass sold 116,325 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 650,972 shares in the company, valued at approximately $32,756,911.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Varonis Systems news, EVP David Bass sold 116,325 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 650,972 shares in the company, valued at approximately $32,756,911.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ofer Segev sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 75,682 shares of the company's stock, valued at approximately $3,945,302.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 372,419 shares of company stock worth $18,571,413. 2.40% of the stock is owned by corporate insiders.
Varonis Systems Price Performance
NASDAQ:VRNS traded down $0.87 during trading hours on Tuesday, reaching $46.63. 919,196 shares of the company's stock were exchanged, compared to its average volume of 1,245,582. The company has a market capitalization of $5.09 billion, a P/E ratio of -50.68 and a beta of 0.85. Varonis Systems, Inc. has a 12 month low of $22.34 and a 12 month high of $52.88. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. The business's 50-day simple moving average is $48.59 and its two-hundred day simple moving average is $42.33.
Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.08. The firm had revenue of $154.10 million during the quarter, compared to analysts' expectations of $151.64 million. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. Sell-side analysts expect that Varonis Systems, Inc. will post -0.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on VRNS. Wells Fargo & Company upped their target price on shares of Varonis Systems from $42.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. DA Davidson reiterated a "neutral" rating and issued a $45.00 price objective (up from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Robert W. Baird increased their price objective on shares of Varonis Systems from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. Stephens reiterated an "overweight" rating and issued a $55.00 price objective on shares of Varonis Systems in a report on Tuesday, February 6th. Finally, Piper Sandler increased their price objective on shares of Varonis Systems from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.81.
Read Our Latest Analysis on Varonis Systems
About Varonis Systems
(
Free Report)
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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