5,318 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the fourth quarter, Holdings Channel reports. The fund purchased 5,318 shares of the technology company’s stock, valued at approximately $241,000.

A number of other large investors also recently added to or reduced their stakes in VRNS. International Assets Investment Management LLC raised its stake in shares of Varonis Systems by 1,779.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock valued at $90,000 after acquiring an additional 1,886 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at $219,000. Xponance Inc. purchased a new position in Varonis Systems in the fourth quarter valued at $300,000. Strs Ohio increased its holdings in Varonis Systems by 45.8% in the third quarter. Strs Ohio now owns 7,000 shares of the technology company’s stock valued at $213,000 after buying an additional 2,200 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Varonis Systems by 4.4% in the third quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company’s stock valued at $260,000 after buying an additional 356 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $45.33 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.06 billion, a P/E ratio of -49.27 and a beta of 0.85. Varonis Systems, Inc. has a 52 week low of $22.34 and a 52 week high of $52.88. The company has a 50-day moving average price of $47.54 and a 200 day moving average price of $43.54.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Monday, February 5th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $154.10 million during the quarter, compared to the consensus estimate of $151.64 million. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. Research analysts predict that Varonis Systems, Inc. will post -0.96 earnings per share for the current year.

Insider Activity

In other news, Director Ofer Segev sold 5,000 shares of Varonis Systems stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $52.13, for a total transaction of $260,650.00. Following the completion of the sale, the director now directly owns 75,682 shares in the company, valued at approximately $3,945,302.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Guy Melamed sold 188,503 shares of Varonis Systems stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $49.88, for a total transaction of $9,402,529.64. Following the completion of the sale, the chief financial officer now directly owns 645,876 shares in the company, valued at approximately $32,216,294.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ofer Segev sold 5,000 shares of Varonis Systems stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.13, for a total value of $260,650.00. Following the transaction, the director now owns 75,682 shares of the company’s stock, valued at $3,945,302.66. The disclosure for this sale can be found here. In the last three months, insiders sold 372,419 shares of company stock worth $18,571,413. Company insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wedbush raised Varonis Systems from a “neutral” rating to an “outperform” rating and increased their target price for the company from $35.00 to $65.00 in a report on Tuesday, February 6th. DA Davidson reaffirmed a “neutral” rating and set a $45.00 price objective (up previously from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Citigroup raised their price objective on Varonis Systems from $35.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Truist Financial reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $50.00) on shares of Varonis Systems in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised their price objective on Varonis Systems from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.81.

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.