Varonis Systems, Inc. (NASDAQ:VRNS) Stake Reduced by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,728 shares of the technology company’s stock after selling 1,836 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Varonis Systems were worth $5,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in Varonis Systems by 5,550.0% in the third 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. Allspring Global Investments Holdings LLC raised its holdings in Varonis Systems by 14.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company’s stock worth $19,802,000 after buying an additional 44,826 shares during the period. Compass Wealth Management LLC raised its holdings in Varonis Systems by 26.6% during the 3rd quarter. Compass Wealth Management LLC now owns 75,693 shares of the technology company’s stock worth $4,277,000 after buying an additional 15,900 shares during the period. nVerses Capital LLC acquired a new stake in Varonis Systems during the 3rd quarter worth about $446,000. Finally, Vontobel Holding Ltd. raised its holdings in Varonis Systems by 226.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 20,595 shares of the technology company’s stock worth $1,164,000 after buying an additional 14,295 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Insider Transactions at Varonis Systems

In other news, Vice Chairman James O’boyle sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $51.04, for a total transaction of $3,828,000.00. Following the completion of the transaction, the insider now directly owns 494,114 shares in the company, valued at $25,219,578.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNS has been the topic of several recent analyst reports. Barclays boosted their price objective on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. TD Cowen upped their target price on Varonis Systems from $54.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their target price on Varonis Systems from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Baird R W upgraded Varonis Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada upped their target price on Varonis Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.63.

Varonis Systems Trading Up 0.7 %

Varonis Systems stock traded up $0.39 during trading hours on Thursday, reaching $56.97. 132,314 shares of the company were exchanged, compared to its average volume of 1,289,686. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $56.06 and a 200 day moving average of $49.63. Varonis Systems, Inc. has a 12 month low of $30.89 and a 12 month high of $60.58.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, July 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $130.35 million during the quarter, compared to analysts’ expectations 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 revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.35) earnings per share. As a group, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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.