Thematics Asset Management Sells 38,151 Shares of Varonis Systems, Inc. $VRNS

Thematics Asset Management lowered its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 8.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 434,697 shares of the technology company’s stock after selling 38,151 shares during the period. Thematics Asset Management owned 0.37% of Varonis Systems worth $24,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Neo Ivy Capital Management acquired a new stake in Varonis Systems in the third quarter valued at approximately $42,000. First Horizon Corp acquired a new position in shares of Varonis Systems during the 3rd quarter worth $45,000. Westside Investment Management Inc. raised its holdings in shares of Varonis Systems by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock valued at $49,000 after purchasing an additional 422 shares in the last quarter. CI Investments Inc. raised its holdings in shares of Varonis Systems by 48.5% during the 3rd quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after purchasing an additional 343 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Varonis Systems by 1,062.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,058 shares of the technology company’s stock valued at $61,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In other Varonis Systems news, Director John J. Gavin, Jr. bought 5,000 shares of the stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $22.54 per share, with a total value of $112,700.00. Following the acquisition, the director directly owned 273,666 shares of the company’s stock, valued at $6,168,431.64. This represents a 1.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David Bass purchased 2,980 shares of the company’s stock in a transaction on Monday, February 9th. The stock was acquired at an average cost of $23.47 per share, for a total transaction of $69,940.60. Following the completion of the transaction, the executive vice president owned 1,042,924 shares in the company, valued at approximately $24,477,426.28. This trade represents a 0.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 25,780 shares of company stock worth $579,403 in the last 90 days. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Varonis Systems from $42.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Needham & Company LLC reduced their price target on Varonis Systems from $55.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Barclays decreased their price target on Varonis Systems from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Citigroup lowered their price objective on Varonis Systems from $37.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, Stephens assumed coverage on Varonis Systems in a research note on Tuesday, December 30th. They issued an “equal weight” rating and a $40.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.15.

Varonis Systems Stock Performance

Shares of VRNS opened at $24.68 on Friday. The company has a market capitalization of $2.90 billion, a PE ratio of -21.65 and a beta of 0.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97. Varonis Systems, Inc. has a one year low of $20.06 and a one year high of $63.90. The company’s fifty day moving average price is $28.14 and its 200 day moving average price is $39.75.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. The company had revenue of $173.37 million during the quarter, compared to analysts’ expectations of $168.66 million. Varonis Systems had a negative net margin of 20.74% and a negative return on equity of 22.95%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. As a group, analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

About Varonis Systems

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.