Advantage Alpha Capital Partners LP Has $3.95 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Advantage Alpha Capital Partners LP cut its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 60.2% in the third quarter, HoldingsChannel reports. The fund owned 69,841 shares of the technology company’s stock after selling 105,790 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Varonis Systems were worth $3,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VRNS. Farther Finance Advisors LLC boosted its stake in shares of Varonis Systems by 445.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after buying an additional 423 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Varonis Systems by 5,550.0% during the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,442 shares in the last quarter. KBC Group NV boosted its position in Varonis Systems by 25.5% during the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after purchasing an additional 663 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Varonis Systems in the third quarter valued at about $184,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Varonis Systems in the 2nd quarter worth about $215,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Varonis Systems from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and issued a $67.00 price objective on shares of Varonis Systems in a report on Monday, August 26th. Baird R W upgraded Varonis Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Susquehanna upped their price target on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird raised their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.67.

Varonis Systems Trading Up 0.2 %

Shares of Varonis Systems stock opened at $50.11 on Tuesday. Varonis Systems, Inc. has a 52-week low of $39.67 and a 52-week high of $60.58. The firm has a market capitalization of $5.64 billion, a PE ratio of -66.81 and a beta of 0.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The company’s fifty day moving average price is $54.91 and its two-hundred day moving average price is $50.92.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. On average, analysts expect that Varonis Systems, Inc. will post -0.73 EPS for the current year.

Insider Buying and Selling at Varonis Systems

In related news, Vice Chairman James O’boyle sold 50,000 shares of Varonis Systems stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the completion of the transaction, the insider now directly owns 444,114 shares of the company’s stock, valued at $26,540,252.64. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

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.