Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 734,763 shares of the technology company's stock after selling 33,982 shares during the period. Victory Capital Management Inc. owned 0.67% of Varonis Systems worth $33,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VRNS. Strs Ohio increased its position in shares of Varonis Systems by 45.8% in the 3rd quarter. Strs Ohio now owns 7,000 shares of the technology company's stock valued at $213,000 after acquiring an additional 2,200 shares during the period. Emerald Advisers LLC increased its position in shares of Varonis Systems by 6.1% in the 3rd quarter. Emerald Advisers LLC now owns 969,715 shares of the technology company's stock valued at $29,615,000 after acquiring an additional 55,378 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in shares of Varonis Systems by 7.0% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 783,539 shares of the technology company's stock valued at $23,929,000 after acquiring an additional 51,076 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $5,757,000. Finally, Y.D. More Investments Ltd increased its position in shares of Varonis Systems by 9.6% in the 3rd quarter. Y.D. More Investments Ltd now owns 15,356 shares of the technology company's stock valued at $485,000 after acquiring an additional 1,341 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Stock Up 0.9 %

Shares of NASDAQ:VRNS traded up $0.41 during trading on Tuesday, hitting $45.00. The company's stock had a trading volume of 2,650,939 shares, compared to its average volume of 1,188,769. The business has a 50 day moving average price of $46.97 and a two-hundred day moving average price of $44.23. The company has a market capitalization of $5.02 billion, a PE ratio of -48.96 and a beta of 0.84. 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, Inc. has a fifty-two week low of $22.87 and a fifty-two week high of $52.88.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly 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. The business 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, research analysts expect that Varonis Systems, Inc. will post -0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Varonis Systems news, Director Gili Iohan sold 19,500 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $50.54, for a total value of $985,530.00. Following the completion of the transaction, the director now owns 19,263 shares in the company, valued at $973,552.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Gili Iohan sold 19,500 shares of Varonis Systems stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $50.54, for a total transaction of $985,530.00. Following the completion of the sale, the director now directly owns 19,263 shares of the company's stock, valued at approximately $973,552.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ofer Segev sold 5,000 shares of Varonis Systems 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 sale, the director now directly owns 75,682 shares of the company's stock, valued at $3,945,302.66. The disclosure for this sale can be found here. Insiders sold a total of 372,419 shares of company stock worth $18,571,413 over the last 90 days. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and set a $63.00 price target on shares of Varonis Systems in a research report on Monday, February 5th. Royal Bank of Canada increased their price target on Varonis Systems from $56.00 to $58.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citigroup increased their price target on Varonis Systems from $35.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 10th. Truist Financial reaffirmed a "buy" rating and set a $55.00 price target (up from $50.00) on shares of Varonis Systems in a research report on Wednesday, March 13th. Finally, Wedbush raised shares of Varonis Systems from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $35.00 to $65.00 in a research note 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.06.

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.