Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,897 shares of the technology company’s stock after selling 2,831 shares during the period. Moody Aldrich Partners LLC owned approximately 0.08% of Varonis Systems worth $4,127,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VRNS. Farther Finance Advisors LLC lifted its position in Varonis Systems by 445.3% in the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after purchasing an additional 423 shares during the period. Pacer Advisors Inc. lifted its position in Varonis Systems by 29.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock valued at $118,000 after purchasing an additional 603 shares during the period. International Assets Investment Management LLC lifted its position 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 valued at $140,000 after purchasing an additional 2,442 shares during the period. KBC Group NV lifted its position in Varonis Systems by 25.5% in the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after purchasing an additional 663 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Varonis Systems in the third quarter valued at about $184,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. The trade was a 15.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company’s stock.

Varonis Systems Trading Up 2.5 %

Shares of VRNS opened at $45.73 on Wednesday. The company’s fifty day moving average is $46.64 and its two-hundred day moving average is $51.49. Varonis Systems, Inc. has a fifty-two week low of $41.13 and a fifty-two week high of $60.58. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results 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 analyst estimates of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) EPS. Equities analysts predict that Varonis Systems, Inc. will post -0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. DA Davidson reduced 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. Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They set an “overweight” rating and a $60.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Piper Sandler reduced their price target on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Citigroup reduced their price target on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.44.

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.