FNY Investment Advisers LLC Invests $156,000 in Varonis Systems, Inc. $VRNS

FNY Investment Advisers LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,075 shares of the technology company’s stock, valued at approximately $156,000.

Other hedge funds have also made changes to their positions in the company. Quarry LP grew its position in shares of Varonis Systems by 31.8% during the first quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after buying an additional 261 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Varonis Systems in the first quarter worth $69,000. PNC Financial Services Group Inc. boosted its holdings in Varonis Systems by 45.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,502 shares of the technology company’s stock worth $182,000 after purchasing an additional 1,401 shares during the period. Caxton Associates LLP acquired a new position in Varonis Systems in the first quarter worth $200,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Varonis Systems in the first quarter worth $233,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on VRNS. Zacks Research downgraded shares of Varonis Systems from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Wells Fargo & Company upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $51.00 to $70.00 in a research note on Monday, August 11th. Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $65.00 in a research note on Thursday, July 24th. TD Cowen raised their target price on Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, B. Riley began coverage on Varonis Systems in a research note on Tuesday, August 26th. They issued a “buy” rating and a $80.00 target price on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average price target of $64.39.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 3,000 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.08, for a total transaction of $165,240.00. Following the transaction, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Guy Melamed sold 51,889 shares of Varonis Systems stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $55.10, for a total value of $2,859,083.90. Following the transaction, the chief financial officer directly owned 470,602 shares in the company, valued at approximately $25,930,170.20. The trade was a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,386 shares of company stock worth $6,429,405. 2.30% of the stock is owned by corporate insiders.

Varonis Systems Price Performance

NASDAQ:VRNS opened at $61.24 on Thursday. The business’s 50-day moving average price is $58.78 and its 200 day moving average price is $51.79. The firm has a market cap of $6.86 billion, a P/E ratio of -66.57 and a beta of 0.64. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $63.90. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.32.

Varonis Systems (NASDAQ:VRNS) last released its earnings results 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 firm had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.Varonis Systems’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. As a group, sell-side analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems 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.