Exchange Traded Concepts LLC Raises Stake in Varonis Systems, Inc. $VRNS

Exchange Traded Concepts LLC lifted its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 28.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,699 shares of the technology company’s stock after purchasing an additional 15,976 shares during the period. Exchange Traded Concepts LLC’s holdings in Varonis Systems were worth $4,121,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in Varonis Systems by 12.0% in the 1st quarter. HighTower Advisors LLC now owns 9,211 shares of the technology company’s stock valued at $373,000 after buying an additional 990 shares during the period. Wellington Management Group LLP raised its stake in shares of Varonis Systems by 5.0% during the first quarter. Wellington Management Group LLP now owns 357,609 shares of the technology company’s stock valued at $14,465,000 after acquiring an additional 17,052 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Varonis Systems by 24.2% during the first quarter. Rafferty Asset Management LLC now owns 12,400 shares of the technology company’s stock valued at $502,000 after acquiring an additional 2,416 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Varonis Systems by 10.0% in the first quarter. Ieq Capital LLC now owns 178,637 shares of the technology company’s stock valued at $7,226,000 after purchasing an additional 16,245 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Varonis Systems by 35.5% in the first quarter. The Manufacturers Life Insurance Company now owns 1,102,810 shares of the technology company’s stock worth $44,609,000 after purchasing an additional 288,755 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $65.00 target price on shares of Varonis Systems in a research report on Wednesday, September 3rd. Truist Financial reissued a “buy” rating and set a $50.00 price target (down previously from $70.00) on shares of Varonis Systems in a research report on Wednesday, October 29th. Susquehanna cut their price target on Varonis Systems from $65.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, October 29th. UBS Group lowered their price objective on shares of Varonis Systems from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Finally, TD Cowen increased their target price on shares of Varonis Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Sixteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.79.

Varonis Systems Trading Up 0.5%

VRNS opened at $33.40 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of -32.75 and a beta of 0.64. Varonis Systems, Inc. has a 12 month low of $30.02 and a 12 month high of $63.90. The stock has a fifty day moving average price of $38.34 and a 200-day moving average price of $49.27.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $161.58 million for the quarter, compared to analyst estimates of $166.47 million. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, equities research analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

About Varonis Systems

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.