Varonis Systems, Inc. (VRNS) Shares Sold by Strs Ohio
Strs Ohio trimmed its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,200 shares of the technology company’s stock after selling 1,400 shares during the quarter. Strs Ohio owned 0.07% of Varonis Systems worth $804,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of VRNS. Russell Investments Group Ltd. raised its stake in shares of Varonis Systems by 355.9% in the second quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock valued at $23,579,000 after purchasing an additional 494,824 shares in the last quarter. ETF Managers Group LLC bought a new stake in Varonis Systems in the second quarter valued at $18,092,000. Renaissance Technologies LLC grew its position in Varonis Systems by 4,112.1% in the second quarter. Renaissance Technologies LLC now owns 450,700 shares of the technology company’s stock valued at $16,766,000 after acquiring an additional 440,000 shares during the period. UBS Asset Management Americas Inc. grew its position in Varonis Systems by 316.7% in the second quarter. UBS Asset Management Americas Inc. now owns 384,434 shares of the technology company’s stock valued at $14,301,000 after acquiring an additional 292,178 shares during the period. Finally, Castleark Management LLC bought a new stake in Varonis Systems in the second quarter valued at $7,861,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
A number of brokerages have weighed in on VRNS. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. BidaskClub upgraded Varonis Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Needham & Company LLC reiterated a “buy” rating on shares of Varonis Systems in a research report on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price target (up from $41.00) on shares of Varonis Systems in a research report on Friday, August 4th. Finally, Barclays PLC increased their target price on Varonis Systems from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Varonis Systems presently has an average rating of “Buy” and a consensus price target of $44.90.
Shares of Varonis Systems, Inc. (NASDAQ:VRNS) opened at $48.70 on Monday.
Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. Varonis Systems had a negative return on equity of 19.29% and a negative net margin of 7.91%. The business had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.53 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. analysts forecast that Varonis Systems, Inc. will post -0.58 EPS for the current fiscal year.
In other news, Director Gili Iohan sold 50,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $39.32, for a total transaction of $1,966,000.00. Following the transaction, the director now owns 59,650 shares of the company’s stock, valued at $2,345,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Guy Melamed sold 1,150 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $38.35, for a total value of $44,102.50. Following the transaction, the chief financial officer now directly owns 96,295 shares in the company, valued at approximately $3,692,913.25. The disclosure for this sale can be found here. Insiders have sold 465,013 shares of company stock worth $19,116,878 in the last ninety days. 19.50% of the stock is currently owned by insiders.
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Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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