Peregrine Capital Management LLC Acquires New Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Peregrine Capital Management LLC acquired a new stake in Varonis Systems, Inc. (NASDAQ:VRNS – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 306,474 shares of the technology company’s stock, valued at approximately $7,337,000. Peregrine Capital Management LLC owned approximately 0.28% of Varonis Systems as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Varonis Systems in the 2nd quarter valued at approximately $30,000. Captrust Financial Advisors grew its holdings in Varonis Systems by 35.9% in the 1st quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock valued at $66,000 after buying an additional 366 shares during the last quarter. Private Trust Co. NA acquired a new stake in Varonis Systems in the 2nd quarter valued at approximately $44,000. PNC Financial Services Group Inc. grew its holdings in Varonis Systems by 91.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,096 shares of the technology company’s stock valued at $99,000 after buying an additional 1,003 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Varonis Systems in the 3rd quarter valued at approximately $68,000. 90.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

VRNS has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Varonis Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $26.00 in a report on Thursday, January 5th. JMP Securities reissued a “market outperform” rating and set a $63.00 price objective on shares of Varonis Systems in a report on Wednesday. Robert W. Baird lowered Varonis Systems from an “outperform” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, January 30th. Piper Sandler lifted their price objective on Varonis Systems from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, February 7th. Finally, William Blair reissued an “outperform” rating on shares of Varonis Systems in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Varonis Systems presently has an average rating of “Hold” and a consensus price target of $30.94.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Director Ofer Segev sold 1,500 shares of Varonis Systems stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $23.78, for a total value of $35,670.00. Following the completion of the transaction, the director now owns 72,410 shares in the company, valued at approximately $1,721,909.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Varonis Systems Trading Down 1.7 %

Shares of VRNS opened at $25.37 on Friday. The stock has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $24.82. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.50. Varonis Systems, Inc. has a 52-week low of $15.61 and a 52-week high of $51.60.

Varonis Systems (NASDAQ:VRNS – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. Varonis Systems had a negative return on equity of 23.10% and a negative net margin of 26.29%. The firm had revenue of $142.62 million during the quarter, compared to the consensus estimate of $140.58 million. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.82 earnings per share for the current year.

About Varonis Systems

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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.