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US Bancorp DE lifted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS – Get Rating) by 34.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,581 shares of the technology company’s stock after purchasing an additional 17,497 shares during the quarter. US Bancorp DE owned 0.06% of Varonis Systems worth $1,818,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Mackenzie Financial Corp boosted its stake in Varonis Systems by 5.6% during the first quarter. Mackenzie Financial Corp now owns 6,103 shares of the technology company’s stock valued at $290,000 after buying an additional 325 shares in the last quarter. Captrust Financial Advisors boosted its stake in Varonis Systems by 35.9% during the first quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock valued at $66,000 after buying an additional 366 shares in the last quarter. Strs Ohio boosted its stake in Varonis Systems by 5.8% during the second quarter. Strs Ohio now owns 11,000 shares of the technology company’s stock valued at $322,000 after buying an additional 600 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in Varonis Systems by 59.4% during the second quarter. Harbor Investment Advisory LLC now owns 1,776 shares of the technology company’s stock valued at $52,000 after buying an additional 662 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Varonis Systems by 1.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 43,698 shares of the technology company’s stock valued at $1,281,000 after buying an additional 803 shares in the last quarter. Institutional investors own 90.72% of the company’s stock.
Insider Transactions at Varonis Systems
In other news, Director Ofer Segev sold 1,500 shares of the business’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $23.78, for a total value of $35,670.00. Following the completion of the sale, the director now directly owns 72,410 shares in the company, valued at $1,721,909.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP James O’boyle acquired 60,000 shares of Varonis Systems stock in a transaction dated Monday, November 7th. The stock was acquired at an average cost of $16.72 per share, for a total transaction of $1,003,200.00. Following the completion of the purchase, the senior vice president now owns 428,989 shares of the company’s stock, valued at $7,172,696.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ofer Segev sold 1,500 shares of the business’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $23.78, for a total transaction of $35,670.00. Following the transaction, the director now directly owns 72,410 shares in the company, valued at approximately $1,721,909.80. The disclosure for this sale can be found here. Over the last three months, insiders bought 100,335 shares of company stock worth $1,782,197. 1.90% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Craig Hallum downgraded Varonis Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $35.00 to $22.00 in a report on Tuesday, November 1st. Royal Bank of Canada dropped their target price on shares of Varonis Systems from $35.00 to $29.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 1st. Needham & Company LLC dropped their target price on shares of Varonis Systems from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, November 1st. Piper Sandler lifted their target price on shares of Varonis Systems from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, January 5th. Finally, Citigroup downgraded shares of Varonis Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $21.00 in a research report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Varonis Systems currently has a consensus rating of “Hold” and a consensus target price of $30.19.
Varonis Systems Price Performance
NASDAQ VRNS opened at $24.61 on Tuesday. The company has a quick ratio of 4.38, a current ratio of 4.38 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.71 billion, a PE ratio of -19.38 and a beta of 0.89. The company has a 50 day moving average price of $22.25 and a two-hundred day moving average price of $25.57. Varonis Systems, Inc. has a 12-month low of $15.61 and a 12-month high of $51.60.
Varonis Systems (NASDAQ:VRNS – Get Rating) last posted its earnings results on Monday, October 31st. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). The business had revenue of $123.31 million during the quarter, compared to analyst estimates of $124.63 million. Varonis Systems had a negative net margin of 30.31% and a negative return on equity of 24.11%. As a group, equities analysts predict that Varonis Systems, Inc. will post -0.99 earnings per share for the current fiscal year.
About Varonis Systems
(Get Rating)
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; strategic and product plans; and other intellectual property.
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