Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,300 shares of the technology company’s stock after selling 3,150 shares during the period. Vontobel Holding Ltd.’s holdings in Varonis Systems were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VRNS. International Assets Investment Management LLC grew its holdings in Varonis Systems by 1,779.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock worth $90,000 after acquiring an additional 1,886 shares during the period. Strs Ohio boosted its position in shares of Varonis Systems by 45.8% in the 3rd quarter. Strs Ohio now owns 7,000 shares of the technology company’s stock valued at $213,000 after purchasing an additional 2,200 shares during the period. Cerity Partners LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at $219,000. Teacher Retirement System of Texas boosted its position in shares of Varonis Systems by 4.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company’s stock valued at $260,000 after purchasing an additional 356 shares during the period. Finally, Natixis Advisors L.P. acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $308,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Varonis Systems

In related news, CFO Guy Melamed sold 188,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $49.88, for a total value of $9,402,529.64. Following the transaction, the chief financial officer now directly owns 645,876 shares of the company’s stock, valued at approximately $32,216,294.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Guy Melamed sold 188,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $49.88, for a total value of $9,402,529.64. Following the transaction, the chief financial officer now directly owns 645,876 shares of the company’s stock, valued at approximately $32,216,294.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Bass sold 116,325 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $50.32, for a total value of $5,853,474.00. Following the completion of the transaction, the executive vice president now directly owns 650,972 shares in the company, valued at $32,756,911.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 372,419 shares of company stock valued at $18,571,413. Corporate insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Piper Sandler increased their price target on Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. JMP Securities reiterated a “market outperform” rating and issued a $63.00 price target on shares of Varonis Systems in a research report on Monday, February 5th. Truist Financial reiterated a “buy” rating and issued a $55.00 price target (up previously from $50.00) on shares of Varonis Systems in a research report on Wednesday, March 13th. Wedbush upgraded Varonis Systems from a “neutral” rating to an “outperform” rating and increased their price target for the company from $35.00 to $65.00 in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on Varonis Systems from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.81.

Varonis Systems Price Performance

Shares of Varonis Systems stock opened at $44.79 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems, Inc. has a 52-week low of $22.34 and a 52-week high of $52.88. The stock has a 50-day simple moving average of $47.83 and a 200-day simple moving average of $43.42.

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

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.