Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC raised its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 17.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,305 shares of the technology company's stock after acquiring an additional 10,820 shares during the quarter. Lisanti Capital Growth LLC owned approximately 0.07% of Varonis Systems worth $4,198,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Inspire Advisors LLC acquired a new position in Varonis Systems during the first quarter worth $716,000. Seven Eight Capital LP acquired a new stake in Varonis Systems in the first quarter valued at $706,000. Diversified Trust Co bought a new position in shares of Varonis Systems in the 2nd quarter worth about $575,000. Swedbank AB bought a new stake in Varonis Systems in the first quarter valued at $3,344,000. Finally, Harbor Capital Advisors Inc. raised its holdings in Varonis Systems by 562.0% during the second quarter. Harbor Capital Advisors Inc. now owns 19,337 shares of the technology company's stock worth $928,000 after buying an additional 16,416 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

NASDAQ:VRNS traded up $0.09 during mid-day trading on Monday, hitting $52.47. The company's stock had a trading volume of 1,541,970 shares, compared to its average volume of 1,343,763. The business's fifty day moving average is $55.38 and its two-hundred day moving average is $50.43. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -70.25 and a beta of 0.82. Varonis Systems, Inc. has a 1 year low of $34.95 and a 1 year high of $60.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $141.62 million. During the same period last year, the business earned ($0.22) earnings per share. Varonis Systems's quarterly revenue was up 21.1% on a year-over-year basis. Analysts anticipate that Varonis Systems, Inc. will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on VRNS shares. Truist Financial reissued a "buy" rating and issued a $60.00 price target (up from $55.00) on shares of Varonis Systems in a report on Tuesday, July 30th. Robert W. Baird boosted their target price on Varonis Systems from $60.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $65.00 price target on shares of Varonis Systems in a research note on Wednesday, October 30th. Barclays increased their target price on Varonis Systems from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Varonis Systems in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Varonis Systems presently has an average rating of "Moderate Buy" and an average target price of $58.75.

Insider Transactions at Varonis Systems

In related news, Vice Chairman James O'boyle sold 50,000 shares of the company's 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 completion of the transaction, the insider now owns 444,114 shares of the company's stock, valued at approximately $26,540,252.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company's stock.

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.