Varonis Systems, Inc. $VRNS Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,174 shares of the technology company’s stock after purchasing an additional 7,919 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Varonis Systems worth $4,729,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VRNS. Wealth Enhancement Advisory Services LLC raised its stake in Varonis Systems by 43.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,681 shares of the technology company’s stock valued at $270,000 after purchasing an additional 2,031 shares during the last quarter. Legacy Advisors LLC increased its stake in Varonis Systems by 164.5% in the first 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 last quarter. AMI Asset Management Corp increased its stake in shares of Varonis Systems by 68.1% during the 1st quarter. AMI Asset Management Corp now owns 27,668 shares of the technology company’s stock valued at $1,119,000 after acquiring an additional 11,212 shares during the last quarter. Diversified Trust Co increased its stake in shares of Varonis Systems by 62.7% during the 1st quarter. Diversified Trust Co now owns 24,595 shares of the technology company’s stock valued at $995,000 after acquiring an additional 9,482 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Varonis Systems by 18.5% during 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 acquiring an additional 1,323 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. DA Davidson upped their price target on Varonis Systems from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Barclays increased their target price on shares of Varonis Systems from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. UBS Group increased their price objective on shares of Varonis Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Wells Fargo & Company raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $51.00 to $70.00 in a research report on Monday, August 11th. Finally, Jefferies Financial Group upgraded Varonis Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $65.00 in a report on Thursday, July 24th. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and an average target price of $64.39.

Varonis Systems Stock Up 0.4%

Shares of Varonis Systems stock opened at $61.24 on Thursday. The business has a 50-day moving average of $58.78 and a 200-day moving average of $51.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $6.86 billion, a PE ratio of -66.57 and a beta of 0.64. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The firm had revenue of $152.16 million during the quarter, compared to analyst estimates of $147.80 million. During the same quarter last year, the firm earned $0.05 EPS. Varonis Systems’s quarterly revenue was up 16.7% on a year-over-year basis. 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, equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $55.08, for a total transaction of $165,240.00. Following the completion of the transaction, the director directly owned 128,666 shares of the company’s stock, valued at $7,086,923.28. This trade represents a 2.28% decrease in their position. The sale 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 completion of the transaction, the chief financial officer owned 470,602 shares of the company’s stock, valued at $25,930,170.20. This trade represents a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,386 shares of company stock valued at $6,429,405. 2.30% of the stock is owned by company 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.