15,742 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,742 shares of the technology company's stock, valued at approximately $699,000.

Other large investors have also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in Varonis Systems during the 4th quarter worth approximately $62,000. New Age Alpha Advisors LLC acquired a new stake in shares of Varonis Systems during the fourth quarter worth $70,000. Pacer Advisors Inc. boosted its position in shares of Varonis Systems by 29.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock valued at $118,000 after acquiring an additional 603 shares during the period. Tower Research Capital LLC TRC increased its position in Varonis Systems by 7.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after acquiring an additional 298 shares during the period. Finally, R Squared Ltd acquired a new stake in Varonis Systems in the 4th quarter worth about $194,000. 95.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VRNS shares. Piper Sandler reduced their price target on Varonis Systems from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Cantor Fitzgerald began coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They set an "overweight" rating and a $60.00 price objective for the company. Wells Fargo & Company decreased their target price on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a report on Monday. Finally, Wolfe Research upgraded Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Varonis Systems Trading Down 0.2 %

VRNS traded down $0.07 during midday trading on Monday, hitting $42.21. 696,481 shares of the company were exchanged, compared to its average volume of 1,520,504. The firm has a market capitalization of $4.72 billion, a P/E ratio of -49.08 and a beta of 0.76. The firm's 50 day moving average price is $41.13 and its 200-day moving average price is $46.01. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems announced that its board has approved a stock repurchase program on Monday, February 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Varonis Systems Company 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.