Exchange Traded Concepts LLC Purchases 10,886 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Exchange Traded Concepts LLC lifted its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 48,419 shares of the technology company’s stock after buying an additional 10,886 shares during the period. Exchange Traded Concepts LLC’s holdings in Varonis Systems were worth $2,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Varonis Systems by 445.3% in the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock worth $29,000 after purchasing an additional 423 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Varonis Systems by 5,550.0% in the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,442 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Varonis Systems during the third quarter worth about $184,000. KBC Group NV grew its stake in shares of Varonis Systems by 25.5% during the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock worth $184,000 after acquiring an additional 663 shares during the last quarter. Finally, Atom Investors LP purchased a new stake in shares of Varonis Systems during the third quarter worth about $224,000. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Up 0.1 %

NASDAQ VRNS opened at $44.31 on Monday. The business has a fifty day moving average price of $46.81 and a 200 day moving average price of $51.54. Varonis Systems, Inc. has a one year low of $41.13 and a one year high of $60.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $4.98 billion, a P/E ratio of -59.08 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The firm had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. During the same period in the prior year, the company earned ($0.22) EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. Research analysts anticipate that Varonis Systems, Inc. will post -0.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VRNS shares. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Cantor Fitzgerald started coverage on Varonis Systems in a research note on Thursday, January 9th. They set an “overweight” rating and a $60.00 price target on the stock. Barclays boosted their price target on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Jefferies Financial Group dropped their target price on Varonis Systems from $60.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Finally, Robert W. Baird upped their target price on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.44.

Insider Activity at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 504,598 shares in the company, valued at $27,096,912.60. This represents a 15.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.

Varonis Systems Company 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.