Varonis Systems, Inc. $VRNS Holdings Lowered by Bailard Inc.

Bailard Inc. cut its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 26.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 60,004 shares of the technology company’s stock after selling 21,234 shares during the period. Bailard Inc.’s holdings in Varonis Systems were worth $3,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Varonis Systems by 26.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock valued at $165,231,000 after purchasing an additional 848,408 shares in the last quarter. RGM Capital LLC lifted its holdings in shares of Varonis Systems by 45.5% in the first quarter. RGM Capital LLC now owns 2,706,531 shares of the technology company’s stock valued at $109,479,000 after buying an additional 846,475 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Varonis Systems by 0.3% in the second quarter. Geode Capital Management LLC now owns 2,670,343 shares of the technology company’s stock valued at $135,537,000 after buying an additional 7,342 shares during the period. Voya Investment Management LLC boosted its stake in Varonis Systems by 98.6% during the first quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock valued at $93,897,000 after buying an additional 1,152,687 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in Varonis Systems by 4.1% during the second quarter. Stephens Investment Management Group LLC now owns 1,670,404 shares of the technology company’s stock worth $84,773,000 after acquiring an additional 65,846 shares during the period. Institutional investors own 95.65% of the company’s stock.

Insider Activity

In related news, CFO Guy Melamed sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $59.59, for a total transaction of $89,385.00. Following the completion of the sale, the chief financial officer directly owned 412,105 shares in the company, valued at approximately $24,557,336.95. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 15,792 shares of company stock valued at $940,149 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Varonis Systems Stock Performance

Shares of Varonis Systems stock opened at $35.53 on Thursday. Varonis Systems, Inc. has a 12 month low of $32.02 and a 12 month 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. The stock has a market cap of $4.19 billion, a PE ratio of -34.83 and a beta of 0.62. The business has a fifty day simple moving average of $54.02 and a 200-day simple moving average of $52.13.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Varonis Systems had a negative return on equity of 24.97% and a negative net margin of 18.82%.The firm had revenue of $161.58 million during the quarter, compared to the consensus estimate of $166.47 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, sell-side analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VRNS has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their price target on shares of Varonis Systems from $72.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Barclays raised their price objective on Varonis Systems from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Wells Fargo & Company upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $51.00 to $70.00 in a report on Monday, August 11th. Zacks Research downgraded Varonis Systems from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, DA Davidson decreased their price target on Varonis Systems from $55.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Sixteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.79.

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.