B. Metzler seel. Sohn & Co. Holding AG Invests $1.87 Million in Varonis Systems, Inc. (NASDAQ:VRNS)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,138 shares of the technology company's stock, valued at approximately $1,872,000.

A number of other large investors have also bought and sold shares of VRNS. State Board of Administration of Florida Retirement System increased its stake in Varonis Systems by 12.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,958 shares of the technology company's stock worth $1,649,000 after purchasing an additional 3,920 shares in the last quarter. Vanguard Group Inc. increased its stake in Varonis Systems by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 11,256,692 shares of the technology company's stock worth $530,978,000 after purchasing an additional 155,040 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Varonis Systems by 12.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,713 shares of the technology company's stock worth $364,000 after purchasing an additional 865 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Varonis Systems during the 1st quarter worth approximately $461,000. Finally, Hood River Capital Management LLC grew its stake in shares of Varonis Systems by 40.8% during the 1st quarter. Hood River Capital Management LLC now owns 1,611,871 shares of the technology company's stock worth $76,032,000 after acquiring an additional 466,688 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Varonis Systems news, Vice Chairman James O'boyle sold 50,000 shares of Varonis Systems stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the transaction, the insider now owns 444,114 shares in the company, valued at $26,540,252.64. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Guy Melamed sold 91,345 shares of Varonis Systems stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the transaction, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Varonis Systems Trading Down 0.4 %

Shares of VRNS traded down $0.18 during midday trading on Friday, reaching $50.02. 1,423,141 shares of the stock were exchanged, compared to its average volume of 1,359,337. Varonis Systems, Inc. has a twelve month low of $39.56 and a twelve month 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. The stock's 50 day simple moving average is $55.06 and its 200 day simple moving average is $50.77.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 17.58% and a negative net margin of 15.31%. The company had revenue of $148.07 million for the quarter, compared to analysts' expectations of $141.62 million. During the same quarter last year, the business earned ($0.22) earnings per share. Varonis Systems's revenue was up 21.1% on a year-over-year basis. As a group, equities research analysts predict that Varonis Systems, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and set a $60.00 price target (up from $55.00) on shares of Varonis Systems in a research note on Tuesday, July 30th. Susquehanna increased their price objective on Varonis Systems from $55.00 to $65.00 and gave the company a "positive" rating in a report on Tuesday, July 30th. Barclays increased their price objective on Varonis Systems from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Piper Sandler increased their price objective on Varonis Systems from $48.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Varonis Systems presently has an average rating of "Moderate Buy" and a consensus target price of $59.67.

Varonis Systems 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.