Compass Wealth Management LLC Has $4.28 Million Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Compass Wealth Management LLC boosted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 26.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,693 shares of the technology company’s stock after buying an additional 15,900 shares during the period. Compass Wealth Management LLC owned about 0.07% of Varonis Systems worth $4,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Varonis Systems by 126.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,915,119 shares of the technology company’s stock valued at $90,336,000 after purchasing an additional 1,070,821 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Varonis Systems by 121.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,503,683 shares of the technology company’s stock valued at $70,929,000 after purchasing an additional 824,163 shares during the period. Hood River Capital Management LLC grew its stake in shares of Varonis Systems by 40.8% in the 1st quarter. Hood River Capital Management LLC now owns 1,611,871 shares of the technology company’s stock valued at $76,032,000 after buying an additional 466,688 shares in the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new stake in shares of Varonis Systems in the 1st quarter valued at approximately $19,194,000. Finally, Squarepoint Ops LLC grew its stake in shares of Varonis Systems by 167.9% in the 2nd quarter. Squarepoint Ops LLC now owns 453,503 shares of the technology company’s stock valued at $21,755,000 after buying an additional 284,236 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Performance

Shares of VRNS stock traded up $0.37 during trading hours on Thursday, reaching $59.34. 440,826 shares of the company’s stock were exchanged, compared to its average volume of 1,297,031. Varonis Systems, Inc. has a fifty-two week low of $30.89 and a fifty-two week high of $60.58. The stock has a market capitalization of $6.62 billion, a P/E ratio of -63.04 and a beta of 0.82. The business has a fifty day moving average price of $55.68 and a 200-day moving average price of $49.22. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.55.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $130.35 million during the quarter, compared to analyst estimates of $124.83 million. Varonis Systems had a negative return on equity of 18.31% and a negative net margin of 16.97%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) earnings per share. Analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VRNS. Susquehanna boosted their price target on Varonis Systems from $55.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Truist Financial reissued a “buy” rating and issued a $60.00 price target (up previously from $55.00) on shares of Varonis Systems in a research note on Tuesday, July 30th. Royal Bank of Canada boosted their price target on Varonis Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. TD Cowen boosted their price target on Varonis Systems from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Barclays boosted their price target on Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.67.

Insider Activity at Varonis Systems

In related news, Vice Chairman James O’boyle sold 75,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $51.04, for a total value of $3,828,000.00. Following the completion of the transaction, the insider now directly owns 494,114 shares in the company, valued at approximately $25,219,578.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Varonis Systems Company 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.