Varonis Systems, Inc. $VRNS Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,670 shares of the technology company’s stock after selling 110,743 shares during the quarter. Victory Capital Management Inc. owned 0.44% of Varonis Systems worth $29,693,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VRNS. Dynamic Technology Lab Private Ltd acquired a new position in Varonis Systems during the first quarter valued at approximately $233,000. Caxton Associates LLP acquired a new stake in shares of Varonis Systems in the first quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Varonis Systems by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after acquiring an additional 64,636 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Varonis Systems by 11.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 576,822 shares of the technology company’s stock valued at $29,274,000 after acquiring an additional 60,883 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of Varonis Systems by 11.0% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 4,047 shares of the technology company’s stock valued at $203,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Key Headlines Impacting Varonis Systems

Here are the key news stories impacting Varonis Systems this week:

• Neutral Sentiment: Varonis presented at the Morgan Stanley TMT conference (transcript available), providing management remarks investors can parse for revenue / SaaS transition color. Read More.
• Neutral Sentiment: Wells Fargo initiated coverage on VRNS (new analyst attention can bring renewed interest or liquidity). Read More.
• Neutral Sentiment: Analyst pieces and valuation pieces are revisiting Varonis after its reported SaaS execution issues; these stories frame both the downside risks and potential valuation opportunity. Read More.
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff participation in a securities class action alleging Varonis concealed renewal softness in its Federal and on‑premises businesses and mischaracterized the SaaS transition; the formal lead‑plaintiff deadline (March 9, 2026) tightens the timeline for litigation developments. Read More.
• Negative Sentiment: Numerous other plaintiff firms (Bronstein, Berger Montague, Schall, Pomerantz, Robbins Geller, Rosen, DJS, Bernstein Liebhard, etc.) have issued reminders and filings covering the same Class Period (Feb 4, 2025–Oct 28, 2025), amplifying the legal overhang and potential settlement/defense costs. Read More.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VRNS shares. Royal Bank Of Canada cut their price objective on Varonis Systems from $60.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Stephens initiated coverage on Varonis Systems in a research report on Tuesday, December 30th. They issued an “equal weight” rating and a $40.00 target price for the company. UBS Group set a $50.00 target price on Varonis Systems in a report on Monday, January 26th. 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, DA Davidson upgraded Varonis Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $30.00 in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and an average target price of $43.15.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, EVP David Bass bought 2,980 shares of the business’s stock in a transaction on Monday, February 9th. The shares were bought at an average cost of $23.47 per share, with a total value of $69,940.60. Following the transaction, the executive vice president directly owned 1,042,924 shares in the company, valued at approximately $24,477,426.28. This trade represents a 0.29% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Avrohom J. Kess purchased 17,800 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were bought at an average cost of $22.29 per share, with a total value of $396,762.00. Following the transaction, the director directly owned 49,403 shares of the company’s stock, valued at approximately $1,101,192.87. This represents a 56.32% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 25,780 shares of company stock valued at $579,403 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Varonis Systems Stock Up 2.3%

Shares of Varonis Systems stock opened at $24.39 on Monday. Varonis Systems, Inc. has a 1-year low of $20.06 and a 1-year high of $63.90. The company has a market capitalization of $2.86 billion, a PE ratio of -21.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.97 and a quick ratio of 1.97. The business has a 50-day moving average of $29.00 and a 200-day moving average of $40.69.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.03 by $0.05. The business had revenue of $173.37 million for the quarter, compared to analysts’ expectations of $168.66 million. Varonis Systems had a negative return on equity of 22.95% and a negative net margin of 20.74%.The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Varonis Systems has set its FY 2026 guidance at 0.060-0.100 EPS and its Q1 2026 guidance at -0.060–0.050 EPS. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS 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.