3,075 Shares in Varonis Systems, Inc. $VRNS Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, Holdings Channel.com reports. The firm purchased 3,075 shares of the technology company’s stock, valued at approximately $156,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its stake in Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after purchasing an additional 261 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Varonis Systems in the 1st quarter worth about $69,000. PNC Financial Services Group Inc. grew its stake in Varonis Systems by 45.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock valued at $182,000 after acquiring an additional 1,401 shares in the last quarter. Caxton Associates LLP purchased a new position in Varonis Systems during the 1st quarter valued at about $200,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Varonis Systems during the 1st quarter valued at about $233,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays lifted their target price on Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Wells Fargo & Company raised Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $70.00 in a research note on Monday, August 11th. DA Davidson lifted their target price on Varonis Systems from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Susquehanna lifted their target price on Varonis Systems from $55.00 to $65.00 and gave the company a “positive” rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird lifted their target price on Varonis Systems from $58.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.39.

Varonis Systems Trading Up 0.4%

Shares of NASDAQ VRNS opened at $61.24 on Thursday. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of -66.57 and a beta of 0.64. The business has a 50 day simple moving average of $58.78 and a 200 day simple moving average of $51.79. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $63.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $152.16 million during the quarter, compared to analysts’ expectations of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. On average, research analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $59.59, for a total value of $89,385.00. Following the completion of the sale, the chief financial officer owned 412,105 shares of the company’s stock, valued at approximately $24,557,336.95. The trade was a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Den Bosch Fred Van sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the sale, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 113,386 shares of company stock valued at $6,429,405. 2.30% of the stock is currently owned by company insiders.

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.