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

Moody Aldrich Partners LLC lowered its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,897 shares of the technology company’s stock after selling 2,831 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Varonis Systems were worth $4,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VRNS. Virtue Capital Management LLC increased its position in shares of Varonis Systems by 2.3% in the 3rd quarter. Virtue Capital Management LLC now owns 16,264 shares of the technology company’s stock worth $919,000 after purchasing an additional 364 shares during the last quarter. Xponance Inc. grew its position in shares of Varonis Systems by 5.6% during the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock valued at $335,000 after buying an additional 367 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Varonis Systems by 445.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after buying an additional 423 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Varonis Systems by 29.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock valued at $118,000 after buying an additional 603 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Varonis Systems by 25.5% during the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after buying an additional 663 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird upped their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays upped their target price on shares of Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $67.00 target price on shares of Varonis Systems in a research report on Monday, January 6th. Finally, Jefferies Financial Group decreased their target price on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.44.

Varonis Systems Stock Performance

Varonis Systems stock opened at $45.73 on Wednesday. The company has a 50 day moving average price of $46.64 and a 200 day moving average price of $51.49. Varonis Systems, Inc. has a 52 week low of $41.13 and a 52 week high of $60.58. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05.

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

Insiders Place Their Bets

In other news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

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.