Inspire Investing LLC Has $928,000 Stock Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Inspire Investing LLC raised its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 185.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,884 shares of the technology company’s stock after acquiring an additional 13,580 shares during the quarter. Inspire Investing LLC’s holdings in Varonis Systems were worth $928,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of Varonis Systems by 301.4% in the fourth quarter. SG Americas Securities LLC now owns 20,116 shares of the technology company’s stock valued at $894,000 after buying an additional 15,104 shares during the period. AMI Asset Management Corp boosted its holdings in Varonis Systems by 91.7% in the fourth quarter. AMI Asset Management Corp now owns 16,456 shares of the technology company’s stock valued at $731,000 after acquiring an additional 7,872 shares during the last quarter. Oak Ridge Investments LLC acquired a new stake in Varonis Systems during the 4th quarter valued at approximately $1,398,000. Assenagon Asset Management S.A. raised its holdings in Varonis Systems by 761.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock worth $50,026,000 after purchasing an additional 995,274 shares during the last quarter. Finally, Diversified Trust Co lifted its position in shares of Varonis Systems by 12.2% in the 4th quarter. Diversified Trust Co now owns 15,113 shares of the technology company’s stock worth $671,000 after purchasing an additional 1,639 shares during the period. Institutional investors own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRNS. DA Davidson decreased their price objective on shares of Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Barclays increased their price target on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Robert W. Baird boosted their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, Piper Sandler dropped their price target on Varonis Systems from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus target price of $59.44.

Varonis Systems Stock Performance

VRNS stock opened at $44.28 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems, Inc. has a twelve month low of $41.13 and a twelve month high of $60.58. The stock’s 50 day moving average is $47.10 and its 200-day moving average is $51.53.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $148.07 million for the quarter, compared to analysts’ expectations of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS. On average, research analysts predict that Varonis Systems, Inc. will post -0.7 EPS for the current year.

Insider Activity at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the sale, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by insiders.

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.