SG Americas Securities LLC Purchases 183,788 Shares of Varonis Systems, Inc. $VRNS

SG Americas Securities LLC boosted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 126.7% during the first quarter, HoldingsChannel.com reports. The fund owned 328,802 shares of the technology company’s stock after purchasing an additional 183,788 shares during the period. SG Americas Securities LLC’s holdings in Varonis Systems were worth $7,059,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Varonis Systems by 47.8% in the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after acquiring an additional 322 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Varonis Systems during the fourth quarter valued at approximately $37,000. Allworth Financial LP increased its holdings in shares of Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after purchasing an additional 463 shares in the last quarter. Neo Ivy Capital Management bought a new position in Varonis Systems in the 3rd quarter worth approximately $42,000. Finally, First Horizon Corp lifted its stake in shares of Varonis Systems by 121.7% during the fourth quarter. First Horizon Corp now owns 1,740 shares of the technology company’s stock valued at $57,000 after acquiring an additional 955 shares during the period. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Trading Up 4.5%

Shares of VRNS stock opened at $40.30 on Friday. Varonis Systems, Inc. has a 12-month low of $19.70 and a 12-month high of $63.90. The company has a market capitalization of $4.63 billion, a PE ratio of -35.35 and a beta of 0.89. The firm has a 50 day moving average price of $30.46 and a two-hundred day moving average price of $28.74. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $173.13 million for the quarter, compared to the consensus estimate of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company’s revenue was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. As a group, analysts predict that Varonis Systems, Inc. will post -1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

VRNS has been the subject of a number of analyst reports. Susquehanna lifted their price objective on Varonis Systems from $30.00 to $36.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on shares of Varonis Systems from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wedbush reissued an “outperform” rating and set a $37.00 price objective on shares of Varonis Systems in a research note on Wednesday. KeyCorp started coverage on shares of Varonis Systems in a report on Tuesday, May 26th. They set a “sector weight” rating for the company. Finally, Barclays upped their target price on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.15.

Varonis Systems Company Profile

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.