82,910 Shares of Varonis Systems, Inc. $VRNS Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 82,910 shares of the technology company’s stock, valued at approximately $3,934,000. Lisanti Capital Growth LLC owned 0.07% of Varonis Systems as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VRNS. American Capital Management Inc. lifted its position in shares of Varonis Systems by 54.3% in the first quarter. American Capital Management Inc. now owns 2,328,379 shares of the technology company’s stock valued at $49,990,000 after buying an additional 819,340 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Varonis Systems during the 2nd quarter worth approximately $61,262,000. Senvest Management LLC raised its stake in Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock valued at $31,109,000 after acquiring an additional 1,162,651 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Varonis Systems by 218.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after acquiring an additional 966,817 shares during the period. Finally, Wellington Management Group LLP bought a new stake in Varonis Systems in the 2nd quarter valued at $30,733,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Down 0.1%

Shares of VRNS opened at $49.03 on Thursday. Varonis Systems, Inc. has a 12 month low of $19.70 and a 12 month high of $50.31. The firm’s 50 day moving average is $47.95 and its 200-day moving average is $36.16. The stock has a market capitalization of $5.65 billion, a PE ratio of -36.86 and a beta of 0.76. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.05.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $189.46 million for the quarter, compared to analyst estimates of $186.74 million. Varonis Systems had a negative return on equity of 22.20% and a negative net margin of 21.38%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. Equities research analysts forecast that Varonis Systems, Inc. will post -0.92 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Varonis Systems from $37.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. TD Cowen lowered shares of Varonis Systems from a “buy” rating to a “hold” rating and dropped their price objective for the company from $56.00 to $49.75 in a research report on Friday, October 16th. Needham & Company LLC lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a research report on Friday, October 16th. DA Davidson cut shares of Varonis Systems from a “buy” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $49.75 in a research note on Friday, October 16th. Finally, Truist Financial downgraded shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. Four analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Varonis Systems currently has an average rating of “Hold” and an average price target of $50.39.

Varonis Systems Company Profile

Varonis Systems, Inc. develops cybersecurity software focused on protecting organizations’ data. Its platform helps businesses discover and classify sensitive information, manage access, identify potential threats, and remediate security risks across cloud and on-premises environments. The company’s offerings include data security, identity security, and threat-detection capabilities. They are designed to help organizations protect information in systems such as Microsoft 365, cloud infrastructure, and other business applications.