Phoenix Financial Ltd. Trims Stake in Varonis Systems, Inc. $VRNS

Phoenix Financial Ltd. lowered its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 39.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 853,336 shares of the technology company’s stock after selling 548,165 shares during the period. Phoenix Financial Ltd.’s holdings in Varonis Systems were worth $27,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Varonis Systems by 47.8% during the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Varonis Systems by 201.3% during 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 in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Varonis Systems during the 3rd quarter valued at $42,000. First Horizon Corp purchased a new stake in shares of Varonis Systems in the 3rd quarter worth about $45,000. Finally, Westside Investment Management Inc. increased its stake in shares of Varonis Systems by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock worth $49,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VRNS shares. JPMorgan Chase & Co. upped their price objective on shares of Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Rosenblatt Securities began coverage on Varonis Systems in a research report on Tuesday. They set a “buy” rating and a $40.00 price objective for the company. Stephens boosted their target price on Varonis Systems from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Citigroup raised their price target on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC increased their price objective on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $41.35.

Varonis Systems Stock Performance

Shares of NASDAQ VRNS opened at $27.22 on Friday. The firm’s 50-day moving average price is $24.17 and its 200-day moving average price is $29.16. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90. The company has a market cap of $3.13 billion, a PE ratio of -23.88 and a beta of 0.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The firm had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems’s revenue 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 EPS for the current year.

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.