Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Cwm LLC

Cwm LLC decreased its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 90,645 shares of the technology company’s stock after selling 5,251 shares during the period. Cwm LLC’s holdings in Varonis Systems were worth $4,104,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of Varonis Systems by 1,779.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock worth $90,000 after purchasing an additional 1,886 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at about $219,000. Xponance Inc. acquired a new position in shares of Varonis Systems in the 4th quarter valued at about $300,000. Strs Ohio lifted its holdings in shares of Varonis Systems by 45.8% in the 3rd quarter. Strs Ohio now owns 7,000 shares of the technology company’s stock valued at $213,000 after buying an additional 2,200 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Varonis Systems by 4.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company’s stock valued at $260,000 after buying an additional 356 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Analysts Set New Price Targets

VRNS has been the subject of several analyst reports. Piper Sandler boosted their price objective on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Stephens restated an “overweight” rating and issued a $55.00 price target on shares of Varonis Systems in a research note on Tuesday, February 6th. Truist Financial restated a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of Varonis Systems in a research note on Wednesday, March 13th. Royal Bank of Canada restated an “outperform” rating and issued a $56.00 price target on shares of Varonis Systems in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their price target on Varonis Systems from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus target price of $48.81.

Insider Activity at Varonis Systems

In other Varonis Systems news, VP Dov Gottlieb sold 43,091 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the transaction, the vice president now directly owns 227,654 shares in the company, valued at $10,931,945.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Dov Gottlieb sold 43,091 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the sale, the vice president now owns 227,654 shares of the company’s stock, valued at $10,931,945.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ofer Segev sold 5,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $52.13, for a total value of $260,650.00. Following the completion of the transaction, the director now directly owns 75,682 shares in the company, valued at approximately $3,945,302.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,419 shares of company stock worth $18,571,413. Insiders own 2.40% of the company’s stock.

Varonis Systems Price Performance

VRNS stock opened at $44.79 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.50 and a quick ratio of 2.50. The business has a 50 day simple moving average of $47.83 and a 200-day simple moving average of $43.42. The firm has a market capitalization of $5.00 billion, a PE ratio of -48.68 and a beta of 0.85. Varonis Systems, Inc. has a 1 year low of $22.34 and a 1 year high of $52.88.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. The firm had revenue of $154.10 million for the quarter, compared to analysts’ expectations of $151.64 million. Equities research analysts anticipate that Varonis Systems, Inc. will post -0.96 earnings per share for the current fiscal year.

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.