Varonis Systems, Inc. $VRNS Shares Sold by KBC Group NV

KBC Group NV cut its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 94.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,871 shares of the technology company’s stock after selling 225,827 shares during the period. KBC Group NV’s holdings in Varonis Systems were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRNS. Signaturefd LLC grew its stake in Varonis Systems by 47.8% during the 4th quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock worth $33,000 after purchasing an additional 322 shares in the last quarter. Empowered Funds LLC acquired a new stake in Varonis Systems in the 4th quarter valued at about $37,000. Fifth Third Bancorp raised its position in Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,818 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Varonis Systems by 201.3% in the 3rd quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after buying an additional 463 shares during the period. Finally, First Horizon Corp boosted its stake in shares of Varonis Systems by 121.7% in the 4th quarter. First Horizon Corp now owns 1,740 shares of the technology company’s stock valued at $57,000 after buying an additional 955 shares during the period. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $45.74 on Monday. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The stock has a market cap of $5.25 billion, a P/E ratio of -40.12 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50-day simple moving average of $37.99 and a 200-day simple moving average of $30.40.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $173.13 million for the quarter, compared to analyst estimates of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. As a group, analysts anticipate that Varonis Systems, Inc. will post -1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRNS. TD Cowen boosted their price objective on Varonis Systems from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. UBS Group raised their target price on shares of Varonis Systems from $37.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. DA Davidson lifted their price target on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays boosted their price target on shares of Varonis Systems from $33.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Rosenblatt Securities initiated coverage on shares of Varonis Systems in a research report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.42.

Varonis Systems 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.