Jane Street Group LLC increased its stake in Varonis Systems Inc (NASDAQ:VRNS) by 110.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,531 shares of the technology company’s stock after acquiring an additional 80,926 shares during the period. Jane Street Group LLC’s holdings in Varonis Systems were worth $561,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Varonis Systems by 11.8% in the 2nd quarter. BlackRock Inc. now owns 1,970,923 shares of the technology company’s stock valued at $146,835,000 after acquiring an additional 207,953 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Varonis Systems by 22.6% in the 1st quarter. Millennium Management LLC now owns 1,014,780 shares of the technology company’s stock valued at $61,394,000 after acquiring an additional 187,356 shares during the last quarter. FMR LLC lifted its stake in shares of Varonis Systems by 23.3% in the 2nd quarter. FMR LLC now owns 889,319 shares of the technology company’s stock valued at $66,255,000 after acquiring an additional 167,869 shares during the last quarter. Emerald Advisers Inc. PA lifted its stake in shares of Varonis Systems by 1.4% in the 2nd quarter. Emerald Advisers Inc. PA now owns 708,319 shares of the technology company’s stock valued at $52,770,000 after acquiring an additional 9,610 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Varonis Systems by 3.2% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 605,440 shares of the technology company’s stock valued at $45,105,000 after acquiring an additional 18,748 shares during the last quarter. 82.84% of the stock is owned by institutional investors.
Get Varonis Systems alerts:In other news, CFO Guy Melamed sold 844 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $72.35, for a total value of $61,063.40. Following the completion of the transaction, the chief financial officer now owns 130,212 shares of the company’s stock, valued at approximately $9,420,838.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas F. Mendoza bought 1,688 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was purchased at an average cost of $59.58 per share, with a total value of $100,571.04. Following the transaction, the director now directly owns 22,511 shares in the company, valued at approximately $1,341,205.38. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by corporate insiders.
A number of research firms have recently weighed in on VRNS. BidaskClub lowered Varonis Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC upped their price target on Varonis Systems to $90.00 and gave the company a “buy” rating in a research report on Monday, September 17th. TheStreet lowered Varonis Systems from a “c” rating to a “d+” rating in a research report on Tuesday, July 31st. DA Davidson set a $70.00 price target on Varonis Systems and gave the company a “buy” rating in a research report on Tuesday, July 31st. Finally, Barclays lowered their price target on Varonis Systems from $79.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 31st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Varonis Systems currently has a consensus rating of “Buy” and an average target price of $74.53.
VRNS opened at $61.00 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -122.00 and a beta of 0.74. Varonis Systems Inc has a one year low of $41.75 and a one year high of $83.10.
Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, July 30th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $62.19 million for the quarter, compared to the consensus estimate of $62.20 million. Varonis Systems had a negative net margin of 10.52% and a negative return on equity of 23.77%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) EPS. On average, equities research analysts forecast that Varonis Systems Inc will post -0.93 earnings per share for the current fiscal year.
Varonis Systems Profile
Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.
Further Reading: What Does Beta Mean In Stock Selection
Want to see what other hedge funds are holding VRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems Inc (NASDAQ:VRNS).
No comments:
Post a Comment