Semanteon Capital Management LP Invests $1.12 Million in Varonis Systems, Inc. (NASDAQ:VRNS)

Semanteon Capital Management LP bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 19,843 shares of the technology company's stock, valued at approximately $1,121,000.

A number of other institutional investors also recently modified their holdings of VRNS. Fidelis Capital Partners LLC bought a new stake in Varonis Systems during the 1st quarter valued at $63,000. International Assets Investment Management LLC increased its stake in Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company's stock valued at $140,000 after purchasing an additional 2,442 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Varonis Systems during the 2nd quarter valued at $215,000. O Neil Global Advisors Inc. increased its stake in Varonis Systems by 4.8% during the 2nd quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company's stock valued at $229,000 after purchasing an additional 220 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Varonis Systems during the 2nd quarter valued at $260,000. Institutional investors and hedge funds own 95.65% of the company's stock.

Insider Buying and Selling at Varonis Systems

In other news, Vice Chairman James O'boyle sold 75,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $51.04, for a total value of $3,828,000.00. Following the sale, the insider now directly owns 494,114 shares of the company's stock, valued at approximately $25,219,578.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRNS. Wedbush reiterated an "outperform" rating and issued a $67.00 target price on shares of Varonis Systems in a research note on Monday, August 26th. Susquehanna upped their target price on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a "positive" rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday. Truist Financial reiterated a "buy" rating and issued a $60.00 target price (up previously from $55.00) on shares of Varonis Systems in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Varonis Systems from $45.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Varonis Systems presently has an average rating of "Moderate Buy" and a consensus target price of $58.31.

Varonis Systems Stock Performance

NASDAQ VRNS traded up $0.52 during trading on Monday, hitting $57.38. 1,978,280 shares of the company's stock traded hands, compared to its average volume of 1,295,877. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of -61.32 and a beta of 0.82. Varonis Systems, Inc. has a 12-month low of $31.03 and a 12-month high of $60.58. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.44 and a current ratio of 2.44. The business has a 50 day moving average of $56.11 and a 200-day moving average of $49.79.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $130.35 million for the quarter, compared to the consensus estimate of $124.83 million. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. The company's revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) earnings per share. As a group, equities research analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

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.