Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Virtue Capital Management LLC

Virtue Capital Management LLC increased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,264 shares of the technology company’s stock after purchasing an additional 364 shares during the period. Virtue Capital Management LLC’s holdings in Varonis Systems were worth $919,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VRNS. Farther Finance Advisors LLC lifted its holdings in Varonis Systems by 445.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock worth $29,000 after buying an additional 423 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,442 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Varonis Systems during the third quarter worth approximately $184,000. KBC Group NV boosted its holdings in Varonis Systems by 25.5% in the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after purchasing an additional 663 shares in the last quarter. Finally, Atom Investors LP purchased a new position in Varonis Systems in the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the transaction, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. This trade represents a 15.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman James O’boyle sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the completion of the sale, the insider now owns 444,114 shares of the company’s stock, valued at $26,540,252.64. This trade represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Varonis Systems Price Performance

Shares of NASDAQ VRNS opened at $48.97 on Wednesday. The company has a market cap of $5.51 billion, a PE ratio of -65.29 and a beta of 0.80. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems, Inc. has a 1-year low of $41.13 and a 1-year high of $60.58. The stock has a fifty day moving average price of $53.60 and a 200 day moving average price of $51.36.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.22) earnings per share. Sell-side analysts forecast that Varonis Systems, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VRNS shares. Barclays boosted their price objective on shares of Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird upped their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Wedbush restated an “outperform” rating and set a $67.00 price target on shares of Varonis Systems in a research note on Monday, August 26th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.67.

Varonis Systems Profile

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; source code, strategic and product plans; and other intellectual property.