Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC lowered its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 161,796 shares of the technology company’s stock after selling 3,040 shares during the period. Varonis Systems accounts for 5.0% of Kopion Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Kopion Asset Management LLC’s holdings in Varonis Systems were worth $7,189,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VRNS. Virtue Capital Management LLC grew its position in Varonis Systems by 2.3% in the 3rd quarter. Virtue Capital Management LLC now owns 16,264 shares of the technology company’s stock worth $919,000 after purchasing an additional 364 shares during the last quarter. Xponance Inc. grew its holdings in Varonis Systems by 5.6% in the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock worth $335,000 after buying an additional 367 shares in the last quarter. Farther Finance Advisors LLC increased its position in Varonis Systems by 445.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after acquiring an additional 423 shares during the period. KBC Group NV raised its stake in Varonis Systems by 25.5% during the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after acquiring an additional 663 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its position in Varonis Systems by 4.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 16,742 shares of the technology company’s stock worth $946,000 after acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the completion of the sale, the chief financial officer now directly owns 504,598 shares in the company, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

Varonis Systems Trading Up 1.2 %

VRNS traded up $0.55 during trading on Wednesday, reaching $45.99. The company had a trading volume of 15,689 shares, compared to its average volume of 1,189,727. The firm’s 50-day simple moving average is $48.05 and its 200 day simple moving average is $51.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -61.32 and a beta of 0.83. Varonis Systems, Inc. has a 12-month low of $41.13 and a 12-month high of $60.58.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VRNS shares. DA Davidson lowered their price target on Varonis Systems from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and set a $67.00 target price on shares of Varonis Systems in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, October 30th. Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research note on Thursday, January 9th. They set an “overweight” rating and a $60.00 price objective on the stock. Finally, Barclays boosted their target price on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

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.