Varonis Systems, Inc. (NASDAQ:VRNS) Holdings Boosted by Olympiad Research LP

Olympiad Research LP boosted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 25.6% during the 4th quarter, HoldingsChannel reports. The firm owned 10,161 shares of the technology company’s stock after buying an additional 2,073 shares during the quarter. Olympiad Research LP’s holdings in Varonis Systems were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VRNS. Creative Planning boosted its stake in shares of Varonis Systems by 66.4% during the 3rd quarter. Creative Planning now owns 24,265 shares of the technology company’s stock valued at $1,371,000 after buying an additional 9,681 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock valued at $140,000 after buying an additional 2,442 shares during the period. Semanteon Capital Management LP acquired a new stake in shares of Varonis Systems during the 3rd quarter valued at $1,121,000. AMI Asset Management Corp acquired a new stake in shares of Varonis Systems during the 3rd quarter valued at $485,000. Finally, Stephens Inc. AR acquired a new stake in shares of Varonis Systems during the 3rd quarter valued at $276,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Down 0.3 %

Varonis Systems stock opened at $42.97 on Friday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -49.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24. Varonis Systems, Inc. has a fifty-two week low of $39.62 and a fifty-two week high of $60.58. The firm has a fifty day moving average price of $44.53 and a two-hundred day moving average price of $50.69.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. As a group, analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems declared that its board has initiated a stock repurchase program on Monday, February 10th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

VRNS has been the subject of a number of research reports. DA Davidson decreased their target price on shares of Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Jefferies Financial Group decreased their target price on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Piper Sandler reduced their price objective on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Cantor Fitzgerald assumed coverage on shares of Varonis Systems in a research note on Thursday, January 9th. They issued an “overweight” rating and a $60.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.38.

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.