Oak Ridge Investments LLC Sells 1,383 Shares of Varonis Systems, Inc. $VRNS

Oak Ridge Investments LLC lessened its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 3.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,140 shares of the technology company’s stock after selling 1,383 shares during the quarter. Oak Ridge Investments LLC’s holdings in Varonis Systems were worth $1,783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRNS. Wealth Enhancement Advisory Services LLC bought a new stake in Varonis Systems in the fourth quarter valued at about $207,000. GAMMA Investing LLC increased its holdings in shares of Varonis Systems by 4,782.1% in the first quarter. GAMMA Investing LLC now owns 14,158 shares of the technology company’s stock worth $573,000 after acquiring an additional 13,868 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Varonis Systems in the first quarter worth about $255,000. Exchange Traded Concepts LLC increased its holdings in shares of Varonis Systems by 28.1% in the first quarter. Exchange Traded Concepts LLC now owns 62,030 shares of the technology company’s stock worth $2,509,000 after acquiring an additional 13,611 shares in the last quarter. Finally, Legacy Advisors LLC increased its holdings in shares of Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company’s stock worth $853,000 after acquiring an additional 13,115 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed sold 51,889 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.10, for a total transaction of $2,859,083.90. Following the completion of the transaction, the chief financial officer directly owned 470,602 shares of the company’s stock, valued at approximately $25,930,170.20. This represents a 9.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $55.08, for a total value of $165,240.00. Following the transaction, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,386 shares of company stock valued at $6,429,405 over the last three months. Insiders own 2.30% of the company’s stock.

Varonis Systems Stock Down 2.8%

NASDAQ:VRNS opened at $61.46 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $6.89 billion, a PE ratio of -66.80 and a beta of 0.64. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $63.90. The stock has a 50-day simple moving average of $57.87 and a 200 day simple moving average of $50.73.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $152.16 million during the quarter, compared to the consensus estimate of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.Varonis Systems’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays increased their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. DA Davidson increased their price target on Varonis Systems from $47.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $64.00 price target on shares of Varonis Systems in a report on Wednesday, September 3rd. Wells Fargo & Company upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $51.00 to $70.00 in a report on Monday, August 11th. Finally, Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $65.00 in a report on Thursday, July 24th. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.41.

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.