OxFORD Asset Management LLP Has $3.92 Million Holdings in Varonis Systems, Inc. (VRNS)
OxFORD Asset Management LLP raised its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 1,174.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,389 shares of the technology company’s stock after acquiring an additional 97,117 shares during the period. OxFORD Asset Management LLP owned approximately 0.39% of Varonis Systems worth $3,920,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in Varonis Systems during the 2nd quarter valued at approximately $122,000. Fortaleza Asset Management Inc. purchased a new stake in Varonis Systems during the 2nd quarter valued at approximately $151,000. Legal & General Group Plc raised its stake in Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,223 shares during the last quarter. Adams Street Partners LLC purchased a new stake in Varonis Systems during the 2nd quarter valued at approximately $163,000. Finally, Van ECK Associates Corp raised its stake in Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after acquiring an additional 296 shares during the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the company. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, August 10th. Needham & Company LLC upped their price objective on Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, August 14th. BidaskClub downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and set a $45.00 target price (up from $41.00) on shares of Varonis Systems in a research note on Friday, August 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $44.00 target price (up from $40.00) on shares of Varonis Systems in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Buy” and an average target price of $43.20.
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Varonis Systems, Inc. (VRNS) opened at 41.90 on Friday. The stock’s market capitalization is $1.15 billion. The stock’s 50 day moving average price is $38.41 and its 200-day moving average price is $35.18. Varonis Systems, Inc. has a 52 week low of $24.45 and a 52 week high of $43.05.
Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The firm had revenue of $50.20 million for the quarter, compared to analysts’ expectations of $47.50 million. During the same quarter in the previous year, the company earned ($0.12) earnings per share. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities research analysts expect that Varonis Systems, Inc. will post $0.09 earnings per share for the current year.
In related news, CEO Yakov Faitelson sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $38.00, for a total transaction of $266,000.00. Following the sale, the chief executive officer now owns 370,989 shares of the company’s stock, valued at $14,097,582. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ohad Korkus sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $38.09, for a total value of $1,904,500.00. Following the sale, the insider now directly owns 323,608 shares in the company, valued at approximately $12,326,228.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 609,977 shares of company stock worth $24,359,243. 19.50% of the stock is owned by corporate insiders.
Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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