Migdal Insurance & Financial Holdings Ltd. Acquires 409,966 Shares of Varonis Systems, Inc. $VRNS

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 127.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 732,189 shares of the technology company’s stock after purchasing an additional 409,966 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Varonis Systems were worth $24,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. boosted its stake in Varonis Systems by 146.3% during the 3rd quarter. Hodges Capital Management Inc. now owns 126,450 shares of the technology company’s stock valued at $7,267,000 after purchasing an additional 75,120 shares during the period. Readystate Asset Management LP bought a new stake in Varonis Systems during the 3rd quarter valued at approximately $13,731,000. Allspring Global Investments Holdings LLC boosted its stake in Varonis Systems by 69.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,646,351 shares of the technology company’s stock valued at $95,192,000 after purchasing an additional 674,807 shares during the period. AustralianSuper Pty Ltd boosted its stake in Varonis Systems by 29.6% during the 3rd quarter. AustralianSuper Pty Ltd now owns 602,379 shares of the technology company’s stock valued at $34,619,000 after purchasing an additional 137,713 shares during the period. Finally, Ion Asset Management Ltd. bought a new stake in Varonis Systems during the 3rd quarter valued at approximately $5,172,000. Institutional investors own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In other news, EVP David Bass bought 2,980 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average cost of $23.47 per share, for a total transaction of $69,940.60. Following the completion of the purchase, the executive vice president owned 1,042,924 shares of the company’s stock, valued at $24,477,426.28. This trade represents a 0.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Gavin, Jr. bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $22.54 per share, with a total value of $112,700.00. Following the completion of the purchase, the director directly owned 273,666 shares of the company’s stock, valued at $6,168,431.64. This represents a 1.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 25,780 shares of company stock worth $579,403. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Varonis Systems in a research note on Wednesday, January 21st. Royal Bank Of Canada decreased their target price on Varonis Systems from $60.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Barclays decreased their target price on Varonis Systems from $38.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. B. Riley Financial decreased their target price on Varonis Systems from $58.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, Truist Financial decreased their target price on Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.89.

Varonis Systems Stock Performance

Shares of NASDAQ VRNS opened at $24.59 on Wednesday. The business has a fifty day simple moving average of $23.39 and a 200 day simple moving average of $32.84. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -21.57 and a beta of 0.68. Varonis Systems, Inc. has a one year low of $19.70 and a one year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $173.37 million during the quarter, compared to analyst estimates of $168.66 million. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.Varonis Systems’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. Sell-side analysts expect that Varonis Systems, Inc. will post -0.99 EPS for the current year.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.