Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 10.4% during the 4th quarter, Holdings Channel reports. The fund owned 154,210 shares of the technology company’s stock after selling 17,940 shares during the quarter. Varonis Systems makes up 1.6% of Lisanti Capital Growth LLC’s portfolio, making the stock its 11th biggest holding. Lisanti Capital Growth LLC’s holdings in Varonis Systems were worth $6,983,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VRNS. International Assets Investment Management LLC increased its holdings in shares of Varonis Systems by 1,779.2% in the 4th 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 during the last quarter. Strs Ohio raised its holdings in Varonis Systems by 45.8% during the third quarter. Strs Ohio now owns 7,000 shares of the technology company’s stock worth $213,000 after purchasing an additional 2,200 shares in the last quarter. Cerity Partners LLC acquired a new stake in Varonis Systems during the fourth quarter worth approximately $219,000. Semanteon Capital Management LP purchased a new stake in shares of Varonis Systems during the 4th quarter worth approximately $241,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at $259,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Price Performance

NASDAQ:VRNS traded up $0.82 during trading hours on Monday, hitting $44.59. The company’s stock had a trading volume of 2,098,010 shares, compared to its average volume of 1,171,959. The company has a market capitalization of $4.98 billion, a PE ratio of -48.47 and a beta of 0.84. Varonis Systems, Inc. has a 52-week low of $22.87 and a 52-week high of $52.88. The business’s 50-day moving average is $46.97 and its two-hundred day moving average is $44.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.50 and a current ratio of 2.50.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The business 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%. As a group, research analysts anticipate that Varonis Systems, Inc. will post -0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Dov Gottlieb sold 43,091 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the sale, the vice president now owns 227,654 shares of the company’s stock, valued at approximately $10,931,945.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Dov Gottlieb sold 43,091 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $48.02, for a total value of $2,069,229.82. Following the completion of the transaction, the vice president now owns 227,654 shares in the company, valued at $10,931,945.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Guy Melamed sold 188,503 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was 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 owns 645,876 shares in the company, valued at $32,216,294.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,419 shares of company stock worth $18,571,413. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VRNS shares. Wedbush upgraded shares of Varonis Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $35.00 to $65.00 in a research note on Tuesday, February 6th. JMP Securities reissued a “market outperform” rating and issued a $63.00 target price on shares of Varonis Systems in a report on Monday, February 5th. Piper Sandler raised their price target on Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Varonis Systems in a research report on Wednesday, March 13th. Finally, DA Davidson restated a “neutral” rating and set a $45.00 target price (up from $37.00) on shares of Varonis Systems in a research report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.81.

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.