Varonis Systems, Inc. $VRNS Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 32.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,649 shares of the technology company’s stock after selling 21,980 shares during the period. Private Advisor Group LLC’s holdings in Varonis Systems were worth $980,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Varonis Systems in the 1st quarter valued at $233,000. Caxton Associates LLP purchased a new position in Varonis Systems in the first quarter valued at about $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Varonis Systems by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after purchasing an additional 64,636 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Varonis Systems by 2.8% during the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 628 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Varonis Systems by 8.6% in the second quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock worth $4,899,000 after buying an additional 7,618 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VRNS. TD Cowen increased their target price on Varonis Systems from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company upped their price target on Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Stephens raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $45.00 in a research report on Wednesday, June 24th. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of Varonis Systems in a research report on Wednesday, June 24th. Finally, Needham & Company LLC lifted their price objective on shares of Varonis Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Varonis Systems currently has an average rating of “Moderate Buy” and a consensus target price of $42.20.

Varonis Systems Stock Performance

Shares of VRNS opened at $45.38 on Tuesday. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of -39.81 and a beta of 0.83. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $34.61 and its two-hundred day moving average is $29.54. Varonis Systems, Inc. has a 52-week low of $19.70 and a 52-week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $173.13 million during the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The company’s revenue was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Analysts forecast that Varonis Systems, Inc. will post -1.04 EPS for the current fiscal year.

Varonis Systems Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.