Yorktown Management & Research Co Inc Purchases New Position in Varonis Systems, Inc. $VRNS

Yorktown Management & Research Co Inc purchased a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,950 shares of the technology company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Varonis Systems by 13.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528,189 shares of the technology company’s stock valued at $26,806,000 after acquiring an additional 63,542 shares in the last quarter. Jennison Associates LLC increased its position in shares of Varonis Systems by 5.8% during the second quarter. Jennison Associates LLC now owns 541,202 shares of the technology company’s stock valued at $27,466,000 after acquiring an additional 29,714 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in shares of Varonis Systems during the second quarter valued at approximately $23,582,000. Teacher Retirement System of Texas increased its position in shares of Varonis Systems by 8.2% during the second quarter. Teacher Retirement System of Texas now owns 17,791 shares of the technology company’s stock valued at $903,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Varonis Systems by 655.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 131,067 shares of the technology company’s stock valued at $6,652,000 after acquiring an additional 113,727 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VRNS shares. TD Cowen raised their price target on shares of Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, October 17th. DA Davidson raised their target price on shares of Varonis Systems from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $64.00 target price on shares of Varonis Systems in a report on Wednesday, September 3rd. Cantor Fitzgerald raised their target price on shares of Varonis Systems from $63.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Morgan Stanley raised their target price on shares of Varonis Systems from $59.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.44.

Insider Buying and Selling at Varonis Systems

In other news, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the transaction, the chief financial officer owned 470,602 shares in the company, valued at $25,930,170.20. This trade represents a 9.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction on Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the transaction, the director owned 128,666 shares in the company, valued at $7,086,923.28. This represents a 2.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 113,386 shares of company stock worth $6,429,405 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Varonis Systems Trading Up 0.5%

Shares of Varonis Systems stock opened at $63.00 on Wednesday. The company’s fifty day simple moving average is $59.15 and its 200-day simple moving average is $52.60. The stock has a market capitalization of $7.06 billion, a PE ratio of -68.48 and a beta of 0.64. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $63.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly 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 business had revenue of $161.58 million for the quarter, compared to analysts’ expectations of $166.47 million. Varonis Systems had a negative net margin of 17.30% and a negative return on equity of 23.06%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, equities analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current 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.