Varonis Systems, Inc. $VRNS Stake Trimmed by Kopion Asset Management LLC

Kopion Asset Management LLC lessened its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 31.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 262,978 shares of the technology company’s stock after selling 119,110 shares during the quarter. Varonis Systems accounts for about 8.2% of Kopion Asset Management LLC’s holdings, making the stock its 4th biggest position. Kopion Asset Management LLC’s holdings in Varonis Systems were worth $12,478,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VRNS. Sequoia Financial Advisors LLC acquired a new position in shares of Varonis Systems in the second quarter worth about $204,000. WINTON GROUP Ltd acquired a new position in Varonis Systems in the 2nd quarter worth approximately $306,000. Engineers Gate Manager LP purchased a new position in Varonis Systems during the 2nd quarter worth approximately $1,441,000. Integrated Wealth Concepts LLC acquired a new stake in Varonis Systems during the 2nd quarter valued at $276,000. Finally, Allworth Financial LP lifted its holdings in shares of Varonis Systems by 66.1% in the second quarter. Allworth Financial LP now owns 4,542 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,807 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Stock Up 1.6%

Shares of NASDAQ VRNS traded up $0.79 during trading hours on Friday, hitting $49.67. The stock had a trading volume of 309,049 shares, compared to its average volume of 2,418,851. The company has a market capitalization of $5.71 billion, a P/E ratio of -40.41 and a beta of 0.77. The firm’s 50-day moving average price is $45.12 and its two-hundred day moving average price is $36.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.65 and a current ratio of 1.65. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $63.90.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $176.83 million. Varonis Systems had a negative net margin of 20.55% and a negative return on equity of 19.18%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. Varonis Systems has set its FY 2026 guidance at 0.140-0.150 EPS and its Q3 2026 guidance at 0.020-0.030 EPS. Analysts anticipate that Varonis Systems, Inc. will post -0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays dropped their price target on Varonis Systems from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. B. Riley Financial lifted their target price on Varonis Systems from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, July 24th. TD Cowen upped their target price on Varonis Systems from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Piper Sandler increased their price target on shares of Varonis Systems from $47.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Needham & Company LLC boosted their price objective on shares of Varonis Systems from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.79.

Varonis Systems Profile

Varonis Systems, Inc develops data security and cyber-risk management software for organizations seeking to protect sensitive information from unauthorized access, misuse, and cyberattacks. Its platform helps customers discover and classify data, analyze access permissions, identify unusual activity, and remediate security exposures across on-premises and cloud-based environments.

The company’s offerings are designed to secure data stored in file systems, collaboration platforms, databases, email, and other enterprise repositories.