Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by AMI Asset Management Corp

AMI Asset Management Corp increased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 91.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,456 shares of the technology company’s stock after purchasing an additional 7,872 shares during the period. AMI Asset Management Corp’s holdings in Varonis Systems were worth $731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRNS. Quantbot Technologies LP boosted its stake in shares of Varonis Systems by 61.4% during the third quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company’s stock worth $6,422,000 after buying an additional 43,258 shares during the period. Lisanti Capital Growth LLC raised its stake in Varonis Systems by 17.0% during the 3rd quarter. Lisanti Capital Growth LLC now owns 74,305 shares of the technology company’s stock valued at $4,198,000 after acquiring an additional 10,820 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Varonis Systems by 226.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 20,595 shares of the technology company’s stock valued at $1,164,000 after acquiring an additional 14,295 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Varonis Systems by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company’s stock valued at $19,802,000 after purchasing an additional 44,826 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Varonis Systems in the third quarter valued at approximately $1,872,000. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the sale, the chief financial officer now directly owns 504,598 shares of the company’s stock, valued at $27,096,912.60. This trade represents a 15.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VRNS has been the subject of several recent research reports. Citigroup decreased their price target on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a report on Friday. Robert W. Baird raised their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. 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. Finally, Piper Sandler cut their target price on Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.44.

Varonis Systems Price Performance

NASDAQ:VRNS opened at $44.19 on Tuesday. 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 firm has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $51.60. Varonis Systems, Inc. has a twelve month low of $41.13 and a twelve month high of $60.58.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, topping 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 company had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. During the same quarter last year, the business posted ($0.22) earnings per share. Varonis Systems’s revenue was up 21.1% compared to the same quarter last year. Analysts expect that Varonis Systems, Inc. will post -0.7 earnings per share for the current fiscal year.

Varonis Systems 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.