Varonis Systems, Inc. $VRNS Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 10.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,279 shares of the technology company’s stock after selling 4,815 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Varonis Systems were worth $2,044,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. acquired a new position in shares of Varonis Systems in the 1st quarter valued at $346,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Varonis Systems by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company’s stock valued at $352,000 after acquiring an additional 1,323 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Varonis Systems in the 2nd quarter valued at $418,000. Stephens Investment Management Group LLC raised its stake in shares of Varonis Systems by 14.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company’s stock valued at $64,904,000 after acquiring an additional 205,781 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of Varonis Systems by 52.2% in the 1st quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company’s stock valued at $62,376,000 after acquiring an additional 529,182 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRNS. UBS Group cut their target price on shares of Varonis Systems from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. B. Riley began coverage on shares of Varonis Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $80.00 target price on the stock. DA Davidson cut their target price on shares of Varonis Systems from $55.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial reissued a “buy” rating and issued a $50.00 target price (down previously from $70.00) on shares of Varonis Systems in a research note on Wednesday. Finally, Zacks Research downgraded shares of Varonis Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.74.

Insider Activity

In other news, CFO Guy Melamed sold 1,500 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold a total of 113,386 shares of company stock valued at $6,429,405 in the last three months. Insiders own 2.30% of the company’s stock.

Varonis Systems Stock Performance

Varonis Systems stock opened at $32.34 on Thursday. Varonis Systems, Inc. has a 12-month low of $32.02 and a 12-month high of $63.90. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of -31.71 and a beta of 0.64. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s fifty day moving average price is $58.63 and its 200 day moving average price is $52.54.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $161.58 million during the quarter, compared to the consensus estimate of $166.47 million. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, research analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

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.