Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 445.3% in the third quarter, HoldingsChannel reports. The firm owned 518 shares of the technology company’s stock after acquiring an additional 423 shares during the quarter. Farther Finance Advisors LLC’s holdings in Varonis Systems were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VRNS. Stephens Inc. AR purchased a new position in Varonis Systems during the 3rd quarter worth approximately $276,000. AMI Asset Management Corp acquired a new position in shares of Varonis Systems in the third quarter worth about $485,000. Semanteon Capital Management LP purchased a new stake in shares of Varonis Systems during the 3rd quarter worth about $1,121,000. International Assets Investment Management LLC grew its position in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock valued at $140,000 after acquiring an additional 2,442 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Varonis Systems by 14.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company’s stock worth $19,802,000 after buying an additional 44,826 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $51.08 on Friday. Varonis Systems, Inc. has a 52 week low of $36.87 and a 52 week high of $60.58. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -68.11 and a beta of 0.82. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $55.20 and a two-hundred day simple moving average of $50.56.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The company’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS. As a group, equities analysts anticipate that Varonis Systems, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Vice Chairman James O’boyle sold 50,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the transaction, the insider now directly owns 444,114 shares in the company, valued at $26,540,252.64. The trade was a 10.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Guy Melamed sold 91,345 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the transaction, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. The trade was a 15.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VRNS. Robert W. Baird lifted their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group raised their price objective on Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Varonis Systems in a report on Tuesday, July 30th. Piper Sandler boosted their price target on shares of Varonis Systems from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Barclays boosted their target price on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.67.

Varonis Systems Company 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.