Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Vident Investment Advisory LLC

Vident Investment Advisory LLC decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,178 shares of the technology company’s stock after selling 407 shares during the period. Vident Investment Advisory LLC’s holdings in Varonis Systems were worth $932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Square Partners LLC boosted its stake in shares of Varonis Systems by 190.8% during the first quarter. Jackson Square Partners LLC now owns 4,268,251 shares of the technology company’s stock worth $219,132,000 after buying an additional 2,800,320 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Varonis Systems by 13.2% during the second quarter. Alliancebernstein L.P. now owns 4,105,728 shares of the technology company’s stock worth $236,572,000 after buying an additional 479,863 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Varonis Systems by 202.0% during the first quarter. William Blair Investment Management LLC now owns 3,740,158 shares of the technology company’s stock worth $192,020,000 after buying an additional 2,501,825 shares during the period. Clearbridge Investments LLC lifted its position in Varonis Systems by 201.4% in the first quarter. Clearbridge Investments LLC now owns 2,950,095 shares of the technology company’s stock valued at $151,458,000 after purchasing an additional 1,971,217 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Varonis Systems by 160.5% in the first quarter. Allianz Asset Management GmbH now owns 2,326,216 shares of the technology company’s stock valued at $119,428,000 after purchasing an additional 1,433,324 shares during the period. Institutional investors and hedge funds own 95.40% of the company’s stock.

VRNS has been the subject of a number of recent analyst reports. Wedbush raised their price objective on shares of Varonis Systems from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, August 3rd. Piper Sandler raised their price objective on shares of Varonis Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 9th. Barclays raised their price objective on shares of Varonis Systems from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $75.00 price objective on shares of Varonis Systems in a research report on Tuesday, August 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Varonis Systems from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, August 3rd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $66.67.

In other Varonis Systems news, Director Ofer Segev sold 1,500 shares of Varonis Systems stock in a transaction that occurred on Tuesday, October 5th. The shares were sold at an average price of $61.43, for a total value of $92,145.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Den Bosch Fred Van sold 4,500 shares of Varonis Systems stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $61.38, for a total transaction of $276,210.00. The disclosure for this sale can be found here. Insiders sold a total of 156,634 shares of company stock valued at $10,901,470 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Shares of VRNS opened at $61.66 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.94 and a quick ratio of 4.94. The firm has a 50 day simple moving average of $63.90 and a 200-day simple moving average of $57.50. Varonis Systems, Inc. has a 1-year low of $37.39 and a 1-year high of $75.33. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of -57.45 and a beta of 1.17.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Sunday, August 1st. The technology company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. Varonis Systems had a negative net margin of 31.88% and a negative return on equity of 25.90%. The business had revenue of $88.40 million during the quarter, compared to analysts’ expectations of $83.70 million. During the same period last year, the company posted ($0.15) EPS. The company’s revenue was up 32.7% on a year-over-year basis. On average, equities analysts expect that Varonis Systems, Inc. will post -0.81 earnings per share for the current fiscal year.

About Varonis Systems

Varonis Systems, Inc engages in providing data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns.

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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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