Varonis Systems, Inc. (NASDAQ:VRNS) Shares Purchased by Bailard Inc.

Bailard Inc. increased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,825 shares of the technology company's stock after buying an additional 16,785 shares during the period. Bailard Inc. owned about 0.08% of Varonis Systems worth $4,067,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VRNS. Lord Abbett & CO. LLC acquired a new position in shares of Varonis Systems during the third quarter worth about $36,317,000. Cadian Capital Management LP grew its holdings in Varonis Systems by 34.6% during the 3rd quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company's stock worth $109,160,000 after acquiring an additional 919,334 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Varonis Systems by 30.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,424,248 shares of the technology company's stock valued at $43,496,000 after purchasing an additional 329,045 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Varonis Systems by 6.7% in the 3rd quarter. William Blair Investment Management LLC now owns 3,252,160 shares of the technology company's stock valued at $99,321,000 after purchasing an additional 205,105 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Varonis Systems in the 3rd quarter valued at $5,757,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VRNS shares. Truist Financial reissued a "buy" rating and issued a $55.00 target price (up previously from $50.00) on shares of Varonis Systems in a report on Wednesday, March 13th. Royal Bank of Canada reissued an "outperform" rating and set a $56.00 target price on shares of Varonis Systems in a research report on Friday, March 15th. Piper Sandler boosted their target price on Varonis Systems from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 6th. JMP Securities reiterated a "market outperform" rating and issued a $63.00 price target on shares of Varonis Systems in a research note on Monday, February 5th. Finally, Wedbush upgraded shares of Varonis Systems from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $35.00 to $65.00 in a research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.81.

Varonis Systems Stock Performance

Shares of Varonis Systems stock traded down $0.03 during trading hours on Thursday, hitting $44.84. 592,613 shares of the company were exchanged, compared to its average volume of 1,185,770. The business has a 50-day moving average of $47.62 and a 200-day moving average of $43.44. Varonis Systems, Inc. has a 1 year low of $22.34 and a 1 year high of $52.88. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -48.74 and a beta of 0.85.

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

Insider Buying and Selling at Varonis Systems

In other news, 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 transaction, the director now directly owns 75,682 shares of the company's stock, valued at approximately $3,945,302.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Dov Gottlieb sold 43,091 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.02, for a total value of $2,069,229.82. Following the completion of the sale, the vice president now owns 227,654 shares in the company, valued at $10,931,945.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ofer Segev sold 5,000 shares of the business'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 sale, the director now directly owns 75,682 shares in the company, valued at approximately $3,945,302.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 372,419 shares of company stock valued at $18,571,413. 2.40% of the stock is owned by corporate insiders.

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.