SG Americas Securities LLC Has $894,000 Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

SG Americas Securities LLC grew its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 301.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,116 shares of the technology company’s stock after acquiring an additional 15,104 shares during the quarter. SG Americas Securities LLC’s holdings in Varonis Systems were worth $894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quantbot Technologies LP lifted its stake in Varonis Systems by 61.4% in the 3rd quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company’s stock valued at $6,422,000 after purchasing an additional 43,258 shares during the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Varonis Systems by 17.0% during the third quarter. Lisanti Capital Growth LLC now owns 74,305 shares of the technology company’s stock worth $4,198,000 after buying an additional 10,820 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Varonis Systems by 226.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 20,595 shares of the technology company’s stock valued at $1,164,000 after acquiring an additional 14,295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Varonis Systems by 14.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 350,470 shares of the technology company’s stock valued at $19,802,000 after acquiring an additional 44,826 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Varonis Systems in the 3rd quarter worth about $1,872,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $45.73 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. The firm has a fifty day simple moving average of $46.64 and a two-hundred day simple moving average of $51.49. Varonis Systems, Inc. has a 12 month low of $41.13 and a 12 month high of $60.58. The firm has a market capitalization of $5.14 billion, a PE ratio of -60.97 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $148.07 million for the quarter, compared to analysts’ expectations of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.22) earnings per share. Analysts forecast that Varonis Systems, Inc. will post -0.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the completion of the sale, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VRNS shares. Piper Sandler reduced their price target on Varonis Systems from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. UBS Group upped their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group cut their price target on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Citigroup cut their target price on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.44.

About Varonis Systems

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.