ExodusPoint Capital Management LP Sells 120,461 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Posted by Defense World Staff on Jun 9th, 2023

ExodusPoint Capital Management LP reduced its position in Varonis Systems, Inc. (NASDAQ:VRNS – Get Rating) by 59.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,098 shares of the technology company’s stock after selling 120,461 shares during the period. ExodusPoint Capital Management LP owned approximately 0.08% of Varonis Systems worth $1,965,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Varonis Systems by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,726,377 shares of the technology company’s stock worth $284,463,000 after purchasing an additional 146,188 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Varonis Systems by 17.1% in the 4th quarter. William Blair Investment Management LLC now owns 6,181,738 shares of the technology company’s stock worth $147,991,000 after purchasing an additional 903,819 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Varonis Systems by 10.8% in the 4th quarter. First Trust Advisors LP now owns 4,384,695 shares of the technology company’s stock worth $104,909,000 after purchasing an additional 428,410 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Varonis Systems by 0.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,511,924 shares of the technology company’s stock worth $84,075,000 after purchasing an additional 26,844 shares in the last quarter. Finally, Tremblant Capital Group lifted its holdings in shares of Varonis Systems by 32.0% in the 3rd quarter. Tremblant Capital Group now owns 3,185,723 shares of the technology company’s stock worth $84,485,000 after purchasing an additional 772,318 shares in the last quarter. 90.72% of the stock is currently owned by institutional investors.

Varonis Systems Trading Down 0.5 %

Shares of NASDAQ VRNS opened at $25.84 on Friday. Varonis Systems, Inc. has a 52 week low of $15.61 and a 52 week high of $35.09. The business has a 50-day simple moving average of $24.69 and a two-hundred day simple moving average of $24.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.03 and a current ratio of 4.03.

Varonis Systems (NASDAQ:VRNS – Get Rating) last issued its earnings results on Monday, May 1st. The technology company reported ($0.33) EPS for the quarter, hitting the consensus estimate of ($0.33). Varonis Systems had a negative return on equity of 21.70% and a negative net margin of 23.53%. The business had revenue of $107.34 million during the quarter, compared to the consensus estimate of $107.26 million. On average, equities analysts predict that Varonis Systems, Inc. will post -0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VRNS shares. Barclays increased their price target on Varonis Systems from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $31.00 price target on shares of Varonis Systems in a research report on Wednesday, March 15th. Wells Fargo & Company raised Varonis Systems from an “underweight” rating to an “equal weight” rating and set a $26.00 price target for the company in a research report on Wednesday, March 15th. 22nd Century Group reissued an “initiates” rating on shares of Varonis Systems in a research report on Thursday, May 18th. Finally, DA Davidson started coverage on Varonis Systems in a research report on Wednesday, May 17th. They issued a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.95.

Varonis Systems Company Profile

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Varonis Systems, Inc engages in protecting enterprise data such as sensitive files and emails, confidential customer, patient, and employee data, financial records, strategic and product plans, and other intellectual property. It operates through the following geographical segments: North America, EMEA, and Rest of the World.