Alpine Woods Capital Investors LLC Acquires Shares of 30,078 Varonis Systems, Inc. $VRNS

Alpine Woods Capital Investors LLC acquired a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 30,078 shares of the technology company’s stock, valued at approximately $1,526,000.

Other institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. bought a new position in Varonis Systems in the 1st quarter valued at $346,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Varonis Systems by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company’s stock valued at $352,000 after purchasing an additional 1,323 shares during the period. Stephens Investment Management Group LLC grew its stake in Varonis Systems by 14.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,604,558 shares of the technology company’s stock valued at $64,904,000 after purchasing an additional 205,781 shares during the period. Penserra Capital Management LLC grew its stake in Varonis Systems by 52.2% in the 1st quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company’s stock valued at $62,376,000 after purchasing an additional 529,182 shares during the period. Finally, Legacy Advisors LLC grew its stake in Varonis Systems by 164.5% in the 1st quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company’s stock valued at $853,000 after purchasing an additional 13,115 shares during the period. Institutional investors own 95.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VRNS shares. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. Robert W. Baird increased their price target on Varonis Systems from $58.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. B. Riley began coverage on Varonis Systems in a research note on Tuesday, August 26th. They set a “buy” rating and a $80.00 price target for the company. Citigroup increased their price target on Varonis Systems from $51.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of Varonis Systems in a research note on Wednesday, September 3rd. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.41.

Varonis Systems Stock Performance

Shares of VRNS opened at $62.42 on Tuesday. The stock’s 50-day simple moving average is $57.99 and its 200 day simple moving average is $50.94. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of -67.85 and a beta of 0.64. 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, Inc. has a 52-week low of $36.53 and a 52-week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $152.16 million for the quarter, compared to analysts’ expectations of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Research analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Transactions at Varonis Systems

In related news, CFO Guy Melamed sold 1,500 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $59.59, for a total transaction of $89,385.00. Following the sale, the chief financial officer owned 412,105 shares of the company’s stock, valued at approximately $24,557,336.95. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total value of $165,240.00. Following the sale, the director directly owned 128,666 shares in the company, valued at $7,086,923.28. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,386 shares of company stock worth $6,429,405 in the last three months. 2.30% of the stock is currently owned by insiders.

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.