Varonis Systems, Inc. (VRNS) Position Maintained by Gofen & Glossberg LLC IL
Gofen & Glossberg LLC IL continued to hold its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,850 shares of the technology company’s stock at the end of the 2nd quarter. Gofen & Glossberg LLC IL’s holdings in Varonis Systems were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in VRNS. Oppenheimer Asset Management Inc. purchased a new stake in shares of Varonis Systems in the second quarter valued at about $122,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Varonis Systems in the second quarter valued at about $151,000. Legal & General Group Plc raised its holdings in shares of Varonis Systems by 39.6% in the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,223 shares during the last quarter. Adams Street Partners LLC purchased a new stake in shares of Varonis Systems in the second quarter valued at about $163,000. Finally, Van ECK Associates Corp raised its holdings in shares of Varonis Systems by 5.9% in the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.
In other Varonis Systems news, SVP James O’boyle sold 40,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $40.88, for a total value of $1,635,200.00. Following the sale, the senior vice president now owns 124,189 shares in the company, valued at $5,076,846.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Yakov Faitelson sold 50,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $44.57, for a total value of $2,228,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 465,615 shares of company stock worth $19,092,629. Insiders own 19.50% of the company’s stock.
Varonis Systems, Inc. (VRNS) traded down 0.395% during mid-day trading on Wednesday, reaching $44.125. 24,674 shares of the company traded hands. The company’s 50 day moving average price is $41.17 and its 200 day moving average price is $36.99. The firm’s market capitalization is $1.21 billion. Varonis Systems, Inc. has a 12-month low of $24.45 and a 12-month high of $45.20.
Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The business had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.50 million. During the same quarter last year, the firm posted ($0.12) earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. Equities research analysts predict that Varonis Systems, Inc. will post $0.09 EPS for the current year.
Several analysts have recently commented on VRNS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Varonis Systems in a report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Varonis Systems in a report on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of Varonis Systems in a report on Thursday, July 20th. Needham & Company LLC increased their target price on shares of Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $43.20.
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Varonis Systems Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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