KBC Group NV Sells 1,905 Shares of Varonis Systems, Inc. $VRNS

KBC Group NV trimmed its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 39.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,923 shares of the technology company’s stock after selling 1,905 shares during the quarter. KBC Group NV’s holdings in Varonis Systems were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Voya Investment Management LLC raised its position in Varonis Systems by 98.6% in the 1st quarter. Voya Investment Management LLC now owns 2,321,317 shares of the technology company’s stock worth $93,897,000 after purchasing an additional 1,152,687 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Varonis Systems by 26.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,084,830 shares of the technology company’s stock valued at $165,231,000 after buying an additional 848,408 shares during the last quarter. RGM Capital LLC increased 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 worth $109,479,000 after buying an additional 846,475 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Varonis Systems by 319.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 971,544 shares of the technology company’s stock worth $48,606,000 after buying an additional 740,114 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Varonis Systems in the 1st quarter valued at about $28,871,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Insider Transactions at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 3,892 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $59.52, for a total value of $231,651.84. Following the completion of the sale, the chief financial officer directly owned 413,605 shares in the company, valued at $24,617,769.60. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by insiders.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $31.39 on Friday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -30.77 and a beta of 0.62. The stock has a fifty day moving average of $51.17 and a 200 day moving average of $51.65. Varonis Systems, Inc. has a 52 week low of $31.34 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 issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Varonis Systems had a negative net margin of 18.82% and a negative return on equity of 24.97%. The business had revenue of $161.58 million for the quarter, compared to the consensus estimate of $166.47 million. During the same period in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, research analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on VRNS. Piper Sandler reduced their price target on Varonis Systems from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Wedbush reissued an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research note on Wednesday, September 3rd. UBS Group decreased their target price on shares of Varonis Systems from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Barclays upped their price target on shares of Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, TD Cowen raised their price target on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.