Atreides Management LP Takes Position in Varonis Systems, Inc. $VRNS

Atreides Management LP acquired a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 658,415 shares of the technology company’s stock, valued at approximately $37,839,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in shares of Varonis Systems during the third quarter worth $42,000. First Horizon Corp acquired a new position in Varonis Systems during the 3rd quarter worth about $45,000. Westside Investment Management Inc. boosted its holdings in Varonis Systems by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock valued at $49,000 after acquiring an additional 422 shares during the period. CI Investments Inc. grew its position in Varonis Systems by 48.5% in the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after acquiring an additional 343 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Varonis Systems by 1,062.6% during the third quarter. Farther Finance Advisors LLC now owns 1,058 shares of the technology company’s stock worth $61,000 after purchasing an additional 967 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $24.68 on Friday. The firm has a market capitalization of $2.90 billion, a PE ratio of -21.65 and a beta of 0.61. The business’s fifty day moving average price is $28.14 and its 200 day moving average price is $39.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97. Varonis Systems, Inc. has a 12 month low of $20.06 and a 12 month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $173.37 million during the quarter, compared to the consensus estimate of $168.66 million. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.Varonis Systems’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. On average, sell-side analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Varonis Systems news, Director John J. Gavin, Jr. purchased 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of $22.54 per share, with a total value of $112,700.00. Following the completion of the acquisition, the director directly owned 273,666 shares of the company’s stock, valued at $6,168,431.64. This trade represents a 1.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Bass acquired 2,980 shares of the business’s stock in a transaction on Monday, February 9th. The shares were bought at an average cost of $23.47 per share, for a total transaction of $69,940.60. Following the acquisition, the executive vice president owned 1,042,924 shares of the company’s stock, valued at $24,477,426.28. This represents a 0.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 25,780 shares of company stock worth $579,403 over the last 90 days. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VRNS. Weiss Ratings restated a “sell (d-)” rating on shares of Varonis Systems in a report on Wednesday, January 21st. Stephens began coverage on shares of Varonis Systems in a research note on Tuesday, December 30th. They issued an “equal weight” rating and a $40.00 price target for the company. Wells Fargo & Company began coverage on Varonis Systems in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $28.00 price objective on the stock. Wedbush decreased their target price on Varonis Systems from $53.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Varonis Systems in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.15.

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.