Phoenix Financial Ltd. Sells 548,165 Shares of Varonis Systems, Inc. $VRNS

Phoenix Financial Ltd. decreased its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 853,336 shares of the technology company’s stock after selling 548,165 shares during the quarter. Phoenix Financial Ltd. owned 0.72% of Varonis Systems worth $27,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pictet Asset Management Holding SA raised its stake in shares of Varonis Systems by 99.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,178,380 shares of the technology company’s stock worth $71,480,000 after acquiring an additional 1,084,267 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Varonis Systems by 166.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,360,000 shares of the technology company’s stock valued at $78,159,000 after purchasing an additional 850,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Varonis Systems by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock valued at $440,119,000 after purchasing an additional 822,925 shares during the last quarter. Atreides Management LP bought a new position in shares of Varonis Systems during the 3rd quarter valued at $37,839,000. Finally, Jennison Associates LLC raised its position in Varonis Systems by 92.6% in the 4th quarter. Jennison Associates LLC now owns 1,036,934 shares of the technology company’s stock worth $34,011,000 after purchasing an additional 498,413 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Trading Up 0.8%

NASDAQ VRNS opened at $27.22 on Friday. The stock has a market cap of $3.13 billion, a P/E ratio of -23.88 and a beta of 0.80. Varonis Systems, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $63.90. The stock has a 50 day simple moving average of $24.17 and a two-hundred day simple moving average of $29.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The firm had revenue of $173.13 million for the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.Varonis Systems’s revenue for the quarter was up 26.9% compared to the same quarter last year. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. On average, analysts forecast that Varonis Systems, Inc. will post -1.05 earnings per share for the current year.

Analyst Ratings Changes

VRNS has been the subject of several analyst reports. Barclays upped their price target on shares of Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group lifted their price objective on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wedbush boosted their target price on Varonis Systems from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald reduced their price target on Varonis Systems from $50.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Rosenblatt Securities assumed coverage on Varonis Systems in a research note on Tuesday. They issued a “buy” rating and a $40.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.35.

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.