Voya Investment Management LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,416 shares of the technology company’s stock, valued at approximately $313,000.
Other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $122,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $151,000. Legal & General Group Plc boosted its stake in shares of Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after acquiring an additional 1,223 shares in the last quarter. Adams Street Partners LLC purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $163,000. Finally, Van ECK Associates Corp boosted its stake in shares of Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after acquiring an additional 296 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on VRNS. Royal Bank Of Canada reissued a “buy” rating and set a $44.00 price target on shares of Varonis Systems in a research note on Wednesday, October 18th. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus reissued a “buy” rating and set a $48.00 price target (up previously from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Jefferies Group LLC reissued a “buy” rating and set a $45.00 price target on shares of Varonis Systems in a research note on Thursday, September 7th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $45.00 target price on shares of Varonis Systems in a research note on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.90.
In other Varonis Systems news, CEO Yakov Faitelson sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $44.57, for a total value of $2,228,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 1,150 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $38.35, for a total transaction of $44,102.50. Following the completion of the sale, the chief financial officer now owns 96,295 shares in the company, valued at approximately $3,692,913.25. The disclosure for this sale can be found here. Insiders sold 465,114 shares of company stock worth $19,121,827 in the last three months. 19.50% of the stock is currently owned by corporate insiders.
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Varonis Systems, Inc. (VRNS) opened at $48.45 on Tuesday. Varonis Systems, Inc. has a 12-month low of $24.75 and a 12-month high of $51.70.
Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. The business had revenue of $53.60 million for the quarter, compared to analysts’ expectations of $50.53 million. During the same quarter last year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. equities research analysts forecast that Varonis Systems, Inc. will post -0.53 earnings per share for the current fiscal year.
About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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