Compass Wealth Management LLC Reduces Stake in Varonis Systems, Inc. $VRNS

Compass Wealth Management LLC reduced its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,278 shares of the technology company’s stock after selling 30,815 shares during the period. Compass Wealth Management LLC’s holdings in Varonis Systems were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VRNS. Pictet Asset Management Holding SA boosted its stake in shares of Varonis Systems by 99.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after buying an additional 1,084,267 shares during the last quarter. Norges Bank bought a new position in Varonis Systems in the 4th quarter worth $28,811,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Varonis Systems by 166.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock worth $78,159,000 after purchasing an additional 850,000 shares during the period. Vanguard Group Inc. raised its holdings in Varonis Systems by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after purchasing an additional 822,925 shares during the period. Finally, Atreides Management LP bought a new position in Varonis Systems in the 3rd quarter worth $37,839,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VRNS. Susquehanna raised their target price on Varonis Systems from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. DA Davidson raised their target price on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays raised their target price on Varonis Systems from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their target price on Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Citigroup raised their target price on Varonis Systems from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.35.

Varonis Systems Trading Up 1.3%

Shares of Varonis Systems stock opened at $32.90 on Thursday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -28.86 and a beta of 0.89. The business has a 50-day moving average price of $27.43 and a 200-day moving average price of $28.47. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. Varonis Systems, Inc. has a twelve month low of $19.70 and a twelve month high of $63.90.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $173.13 million during the quarter, compared to analyst estimates of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The business’s revenue was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. Equities research analysts anticipate that Varonis Systems, Inc. will post -1.04 EPS for the current fiscal year.

Varonis Systems Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.