Varonis Systems, Inc. $VRNS Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 31.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,978 shares of the technology company’s stock after selling 119,110 shares during the period. Varonis Systems comprises about 8.2% of Kopion Asset Management LLC’s portfolio, making the stock its 4th largest holding. Kopion Asset Management LLC owned approximately 0.23% of Varonis Systems worth $12,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VRNS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Varonis Systems during the 2nd quarter valued at about $55,000. EverSource Wealth Advisors LLC grew its holdings in shares of Varonis Systems by 161.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock valued at $29,000 after purchasing an additional 839 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Varonis Systems in the 2nd quarter worth approximately $71,000. Fifth Third Bancorp lifted its holdings in shares of Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock worth $39,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Essential Partners LLC boosted its position in Varonis Systems by 72.5% during the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after purchasing an additional 863 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VRNS shares. New Street Research reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Wednesday, July 29th. Wedbush restated a “neutral” rating and set a $46.00 price target on shares of Varonis Systems in a research report on Friday, September 11th. Needham & Company LLC increased their price objective on shares of Varonis Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Susquehanna lifted their price target on Varonis Systems from $36.00 to $55.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.79.

Varonis Systems Price Performance

VRNS traded up $0.79 on Friday, reaching $49.67. The company had a trading volume of 309,049 shares, compared to its average volume of 2,418,851. The company has a market capitalization of $5.71 billion, a P/E ratio of -40.41 and a beta of 0.77. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $45.12 and a 200-day moving average of $36.98. Varonis Systems, Inc. has a one year low of $19.70 and a one year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The business had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s revenue was up 18.3% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. As a group, equities research analysts anticipate that Varonis Systems, Inc. will post -0.96 earnings per share for the current year.

Varonis Systems Profile

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.