Aigen Investment Management LP Has $245,000 Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Aigen Investment Management LP lowered its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 62.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,328 shares of the technology company’s stock after selling 7,090 shares during the period. Aigen Investment Management LP’s holdings in Varonis Systems were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VRNS. Hood River Capital Management LLC lifted its stake in Varonis Systems by 40.8% in the 1st quarter. Hood River Capital Management LLC now owns 1,611,871 shares of the technology company’s stock valued at $76,032,000 after purchasing an additional 466,688 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Varonis Systems in the third quarter valued at approximately $17,419,000. Squarepoint Ops LLC grew its holdings in shares of Varonis Systems by 167.9% during the 2nd quarter. Squarepoint Ops LLC now owns 453,503 shares of the technology company’s stock worth $21,755,000 after purchasing an additional 284,236 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Varonis Systems by 40.0% during the second quarter. The Manufacturers Life Insurance Company now owns 799,685 shares of the technology company’s stock worth $38,361,000 after buying an additional 228,589 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Varonis Systems by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 11,256,692 shares of the technology company’s stock worth $530,978,000 after acquiring an additional 155,040 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were 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 directly owns 504,598 shares in the company, valued at $27,096,912.60. This represents a 15.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman James O’boyle sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the completion of the sale, the insider now owns 444,114 shares of the company’s stock, valued at $26,540,252.64. This represents a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Varonis Systems Stock Down 2.2 %

VRNS opened at $51.08 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. Varonis Systems, Inc. has a twelve month low of $36.87 and a twelve month high of $60.58. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of -68.11 and a beta of 0.82. The firm has a 50 day moving average price of $55.20 and a 200-day moving average price of $50.60.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $148.07 million during the quarter, compared to analyst estimates of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. Varonis Systems’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.22) earnings per share. Equities research analysts forecast that Varonis Systems, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VRNS. Susquehanna lifted their price target on shares of Varonis Systems from $55.00 to $65.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research report on Wednesday, October 30th. Baird R W raised shares of Varonis Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Finally, Truist Financial restated a “buy” rating and issued a $60.00 target price (up from $55.00) on shares of Varonis Systems in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

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.