Cwm LLC Lowers Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Cwm LLC trimmed its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,645 shares of the technology company’s stock after selling 5,251 shares during the quarter. Cwm LLC owned 0.08% of Varonis Systems worth $4,104,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Varonis Systems by 1.6% in the third quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company’s stock valued at $343,608,000 after purchasing an additional 180,082 shares during the last quarter. Cadian Capital Management LP boosted its stake in shares of Varonis Systems by 34.6% during the 3rd quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company’s stock worth $109,160,000 after acquiring an additional 919,334 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Varonis Systems by 6.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,252,160 shares of the technology company’s stock worth $99,321,000 after acquiring an additional 205,105 shares in the last quarter. RGM Capital LLC boosted its stake in shares of Varonis Systems by 2.0% during the 3rd quarter. RGM Capital LLC now owns 1,846,889 shares of the technology company’s stock worth $56,404,000 after acquiring an additional 36,015 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Varonis Systems by 30.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,424,248 shares of the technology company’s stock worth $43,496,000 after acquiring an additional 329,045 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Varonis Systems

In related news, Director Ofer Segev sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $52.13, for a total value of $260,650.00. Following the sale, the director now directly owns 75,682 shares in the company, valued at approximately $3,945,302.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Gili Iohan sold 19,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $50.54, for a total value of $985,530.00. Following the sale, the director now directly owns 19,263 shares in the company, valued at approximately $973,552.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ofer Segev sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $52.13, for a total transaction of $260,650.00. Following the completion of the sale, the director now owns 75,682 shares in the company, valued at $3,945,302.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,419 shares of company stock worth $18,571,413. Company insiders own 2.40% of the company’s stock.

Varonis Systems Stock Up 1.7 %

VRNS opened at $44.79 on Wednesday. Varonis Systems, Inc. has a fifty-two week low of $22.34 and a fifty-two week high of $52.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.50 and a quick ratio of 2.50. The firm’s fifty day moving average price is $47.83 and its two-hundred day moving average price is $43.42. The company has a market capitalization of $5.00 billion, a P/E ratio of -48.68 and a beta of 0.85.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. Varonis Systems had a negative net margin of 20.22% and a negative return on equity of 20.04%. The business had revenue of $154.10 million for the quarter, compared to the consensus estimate of $151.64 million. On average, analysts anticipate that Varonis Systems, Inc. will post -0.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson reissued a “neutral” rating and set a $45.00 target price (up from $37.00) on shares of Varonis Systems in a research note on Thursday, January 18th. Royal Bank of Canada restated an “outperform” rating and set a $56.00 price target on shares of Varonis Systems in a report on Friday, March 15th. Citigroup raised their price target on shares of Varonis Systems from $35.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Wells Fargo & Company increased their price objective on shares of Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Stephens reissued an “overweight” rating and issued a $55.00 price target on shares of Varonis Systems in a research report on Tuesday, February 6th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.81.

About Varonis Systems

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.