Varonis Systems, Inc. $VRNS Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 35.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 612,673 shares of the technology company’s stock after selling 330,329 shares during the period. William Blair Investment Management LLC’s holdings in Varonis Systems were worth $35,210,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Varonis Systems during the 2nd quarter valued at approximately $65,161,000. Clal Insurance Enterprises Holdings Ltd increased its position in Varonis Systems by 166.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after buying an additional 850,000 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Varonis Systems by 69.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,646,351 shares of the technology company’s stock valued at $95,192,000 after buying an additional 674,807 shares during the last quarter. Greenvale Capital LLP acquired a new position in shares of Varonis Systems during the second quarter valued at $22,838,000. Finally, Vanguard Group Inc. grew its position in shares of Varonis Systems by 3.6% during the third quarter. Vanguard Group Inc. now owns 12,595,348 shares of the technology company’s stock worth $723,855,000 after acquiring an additional 436,462 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

Shares of NASDAQ VRNS opened at $23.10 on Monday. The stock’s fifty day simple moving average is $29.99 and its 200 day simple moving average is $41.90. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of -20.26 and a beta of 0.58. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.76. Varonis Systems, Inc. has a 52-week low of $20.06 and a 52-week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Varonis Systems had a negative net margin of 20.74% and a negative return on equity of 22.95%. The business had revenue of $173.37 million for the quarter, compared to the consensus estimate of $168.66 million. During the same period last year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. As a group, sell-side analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Varonis Systems news, EVP David Bass bought 2,980 shares of the stock in a transaction on Monday, February 9th. The shares were bought at an average price of $23.47 per share, with a total value of $69,940.60. Following the purchase, the executive vice president directly owned 1,042,924 shares in the company, valued at $24,477,426.28. The trade was a 0.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Avrohom J. Kess bought 17,800 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was acquired at an average price of $22.29 per share, for a total transaction of $396,762.00. Following the acquisition, the director directly owned 49,403 shares in the company, valued at $1,101,192.87. This trade represents a 56.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 25,780 shares of company stock worth $579,403. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Varonis Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. UBS Group set a $50.00 price objective on Varonis Systems in a report on Monday, January 26th. B. Riley Financial lowered their target price on Varonis Systems from $58.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Needham & Company LLC cut their target price on Varonis Systems from $55.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, Barclays decreased their price target on Varonis Systems from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Sixteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.25.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.