Varonis Systems (NASDAQ:VRNS) Director Rachel Prishkolnik Acquires 1,015 Shares of Company Stock

Varonis Systems, Inc. (NASDAQ:VRNS) Director Rachel Prishkolnik acquired 1,015 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $25.72 per share, with a total value of $26,105.80. Following the acquisition, the director directly owned 33,953 shares of the company’s stock, valued at $873,271.16. The trade was a 3.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Varonis Systems Stock Performance

Shares of NASDAQ:VRNS opened at $48.73 on Friday. The firm’s 50 day simple moving average is $47.53 and its 200 day simple moving average is $35.86. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -36.64 and a beta of 0.76. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $50.31.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, November 3rd. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $189.46 million for the quarter, compared to analysts’ expectations of $186.74 million. Varonis Systems had a negative net margin of 21.38% and a negative return on equity of 21.47%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. As a group, sell-side analysts forecast that Varonis Systems, Inc. will post -0.95 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on VRNS. Truist Financial cut shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Wedbush boosted their target price on Varonis Systems from $46.00 to $49.75 and gave the stock a “neutral” rating in a report on Friday, October 16th. Barclays lowered shares of Varonis Systems from an “overweight” rating to an “equal weight” rating and set a $50.00 price target on the stock. in a research note on Monday, October 19th. Wells Fargo & Company cut Varonis Systems from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $53.00 to $49.75 in a research report on Friday, October 16th. Finally, B. Riley Financial downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Four research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. American Capital Management Inc. acquired a new position in Varonis Systems in the second quarter valued at $94,062,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Varonis Systems in the second quarter valued at approximately $61,262,000. Senvest Management LLC grew its position in Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock valued at $31,109,000 after purchasing an additional 1,162,651 shares during the period. Wellington Management Group LLP bought a new stake in shares of Varonis Systems during the second quarter worth about $30,733,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Varonis Systems by 218.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock worth $30,262,000 after purchasing an additional 966,817 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Key Varonis Systems News

Here are the key news stories impacting Varonis Systems this week:

• Positive Sentiment: Q3 revenue and adjusted earnings increased, while SaaS annual recurring revenue also rose—supporting the company’s cloud transition and recurring-revenue growth. Article: Varonis Systems stock posts Q3 revenue growth as SaaS ARR rises
• Neutral Sentiment: TD Cowen assigned Varonis a Hold rating, signaling a more cautious, wait-and-see view. Article: Varonis Systems gets a Hold from TD Cowen
• Neutral Sentiment: A director’s reported purchase of 1,015 shares is a modest insider-confidence signal, though the transaction was dated February 19 and the shares were bought at $25.72. SEC Form 4 filing
• Negative Sentiment: Susquehanna downgraded VRNS from Positive to Neutral and cut its target from $55 to $49.75, leaving limited indicated upside at the cited share price. Susquehanna rating information
• Negative Sentiment: Cantor Fitzgerald also reduced its target from $55 to $49.75, despite retaining an Overweight rating. The cut reinforces concerns about valuation after the stock’s strong run. Cantor Fitzgerald rating information

About Varonis Systems

Varonis Systems, Inc develops data security software that helps organizations protect sensitive information, identify security risks and manage access to data. Its platform is designed to secure data stored across on-premises file systems, cloud environments, software-as-a-service applications and other enterprise repositories.

The company’s products support data discovery and classification, access analysis, threat detection, insider-risk monitoring, data loss prevention and security automation.