Bank of Montreal Can Decreases Position in Varonis Systems, Inc. $VRNS

Bank of Montreal Can decreased its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 70.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 464,608 shares of the technology company’s stock after selling 1,085,654 shares during the quarter. Bank of Montreal Can owned about 0.41% of Varonis Systems worth $23,579,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in Varonis Systems by 179.1% during the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock valued at $25,000 after buying an additional 317 shares during the period. Quarry LP increased its position in Varonis Systems by 31.8% during the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock valued at $44,000 after acquiring an additional 261 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Varonis Systems during the first quarter valued at $69,000. FNY Investment Advisers LLC purchased a new stake in shares of Varonis Systems in the second quarter valued at $156,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Varonis Systems by 45.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock worth $182,000 after acquiring an additional 1,401 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Up 0.1%

Shares of NASDAQ VRNS opened at $34.14 on Friday. Varonis Systems, Inc. has a 52-week low of $32.02 and a 52-week high of $63.90. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -33.47 and a beta of 0.62. The stock has a 50 day moving average price of $55.34 and a 200 day moving average price of $52.18. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The company had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. During the same period last year, the business posted $0.10 EPS. Varonis Systems’s quarterly revenue was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. Sell-side analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company upgraded shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $51.00 to $70.00 in a report on Monday, August 11th. TD Cowen boosted their target price on Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Royal Bank Of Canada cut their target price on Varonis Systems from $72.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Cantor Fitzgerald set a $60.00 price target on Varonis Systems and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Susquehanna dropped their price objective on Varonis Systems from $65.00 to $50.00 and set a “positive” rating for the company in a report on Wednesday, October 29th. Sixteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.79.

Insider Buying and Selling at Varonis Systems

In related news, CFO Guy Melamed sold 1,500 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $59.59, for a total value of $89,385.00. Following the completion of the sale, the chief financial officer directly owned 412,105 shares of the company’s stock, valued at $24,557,336.95. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 58,497 shares of company stock valued at $3,405,081 in the last ninety days. Insiders own 2.30% of the company’s stock.

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.