82,910 Shares in Varonis Systems, Inc. $VRNS Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 3rd quarter, HoldingsChannel reports. The firm acquired 82,910 shares of the technology company’s stock, valued at approximately $3,934,000.

Several other institutional investors have also added to or reduced their stakes in VRNS. American Capital Management Inc. bought a new stake in Varonis Systems during the second quarter worth $94,062,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Varonis Systems in the 2nd quarter valued at $61,262,000. Senvest Management LLC boosted its holdings in shares of Varonis Systems by 406.1% in the 1st quarter. Senvest Management LLC now owns 1,448,943 shares of the technology company’s stock valued at $31,109,000 after purchasing an additional 1,162,651 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Varonis Systems in the 2nd quarter valued at $30,733,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Varonis Systems by 218.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,409,487 shares of the technology company’s stock valued at $30,262,000 after purchasing an additional 966,817 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Trading Down 0.1%

NASDAQ:VRNS opened at $49.03 on Thursday. The firm’s fifty day moving average is $47.95 and its 200-day moving average is $36.16. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.47 and a current ratio of 1.47. Varonis Systems, Inc. has a 52 week low of $19.70 and a 52 week high of $50.31. The firm has a market cap of $5.65 billion, a P/E ratio of -36.86 and a beta of 0.76.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. Varonis Systems had a negative net margin of 21.38% and a negative return on equity of 22.20%. The company had revenue of $189.46 million during the quarter, compared to analysts’ expectations of $186.74 million. During the same period in the prior year, the company posted $0.06 earnings per share. Varonis Systems’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities analysts expect that Varonis Systems, Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on VRNS shares. Stephens downgraded Varonis Systems from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 27th. Weiss Ratings upgraded Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. boosted their target price on Varonis Systems from $39.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Yorkville Ives began coverage on Varonis Systems in a research note on Monday, October 5th. They set an “in-line” rating and a $50.00 target price for the company. Finally, Piper Sandler cut shares of Varonis Systems from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $49.75 in a report on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Varonis Systems currently has a consensus rating of “Hold” and an average target price of $50.39.

Varonis Systems Profile

Varonis Systems, Inc. develops cybersecurity software focused on protecting organizations’ data. Its platform helps businesses discover and classify sensitive information, manage access, identify potential threats, and remediate security risks across cloud and on-premises environments. The company’s offerings include data security, identity security, and threat-detection capabilities. They are designed to help organizations protect information in systems such as Microsoft 365, cloud infrastructure, and other business applications.