Compass Wealth Management LLC Has $3.35 Million Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Compass Wealth Management LLC lessened its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,438 shares of the technology company’s stock after selling 255 shares during the period. Compass Wealth Management LLC owned 0.07% of Varonis Systems worth $3,352,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Varonis Systems by 761.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock worth $50,026,000 after acquiring an additional 995,274 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Varonis Systems in the 3rd quarter worth approximately $17,419,000. Squarepoint Ops LLC boosted its position in Varonis Systems by 167.9% during the second quarter. Squarepoint Ops LLC now owns 453,503 shares of the technology company’s stock valued at $21,755,000 after acquiring an additional 284,236 shares during the last quarter. Two Sigma Advisers LP grew its stake in Varonis Systems by 46.7% during the third quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock worth $47,415,000 after purchasing an additional 267,000 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Varonis Systems by 40.0% in the second quarter. The Manufacturers Life Insurance Company now owns 799,685 shares of the technology company’s stock valued at $38,361,000 after buying an additional 228,589 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Trading Up 0.1 %

Shares of VRNS opened at $44.31 on Friday. The business has a 50-day simple moving average of $46.81 and a two-hundred day simple moving average of $51.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems, Inc. has a 52 week low of $41.13 and a 52 week high of $60.58.

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 during the quarter, compared to analyst estimates 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 for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.22) EPS. As a group, analysts predict that Varonis Systems, Inc. will post -0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRNS has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $67.00 price target on shares of Varonis Systems in a research note on Monday, January 6th. Robert W. Baird upped their target price on Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group increased their target price on Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler decreased their price target on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Barclays raised their price objective on shares of Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.44.

Insider Activity

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the company’s 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 transaction, the chief financial officer now directly owns 504,598 shares in the company, valued at $27,096,912.60. This represents a 15.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

About Varonis Systems

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.