Tremblant Capital Group Has $25.93 Million Holdings in Varonis Systems, Inc. $VRNS

Tremblant Capital Group lessened its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 31.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,125 shares of the technology company’s stock after selling 202,572 shares during the period. Varonis Systems makes up approximately 2.7% of Tremblant Capital Group’s investment portfolio, making the stock its 18th largest position. Tremblant Capital Group’s holdings in Varonis Systems were worth $25,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRNS. Harvest Fund Management Co. Ltd acquired a new stake in shares of Varonis Systems during the third quarter worth $68,000. Comerica Bank grew its stake in shares of Varonis Systems by 694.8% in the third quarter. Comerica Bank now owns 24,823 shares of the technology company’s stock valued at $1,427,000 after acquiring an additional 21,700 shares in the last quarter. Perbak Capital Partners LLP boosted its holdings in Varonis Systems by 29.8% in the 3rd quarter. Perbak Capital Partners LLP now owns 14,321 shares of the technology company’s stock valued at $823,000 after purchasing an additional 3,288 shares during the period. Jump Financial LLC bought a new stake in Varonis Systems in the 3rd quarter valued at about $5,144,000. Finally, Pathstone Holdings LLC boosted its holdings in Varonis Systems by 46.1% in the 3rd quarter. Pathstone Holdings LLC now owns 35,622 shares of the technology company’s stock valued at $2,047,000 after purchasing an additional 11,243 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on VRNS shares. Citigroup lowered their target price on shares of Varonis Systems from $37.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada cut their price target on Varonis Systems from $60.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Varonis Systems in a research report on Wednesday, January 21st. Stephens started coverage on Varonis Systems in a research note on Tuesday, December 30th. They set an “equal weight” rating and a $40.00 price objective on the stock. Finally, Cantor Fitzgerald dropped their price objective on Varonis Systems from $50.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.15.

Varonis Systems Stock Performance

Shares of NASDAQ:VRNS opened at $24.68 on Friday. Varonis Systems, Inc. has a 1 year low of $20.06 and a 1 year high of $63.90. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of -21.65 and a beta of 0.61. 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 company’s 50 day simple moving average is $28.14 and its 200 day simple moving average is $39.75.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. The firm had revenue of $173.37 million during 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $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, research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Varonis Systems news, Director Avrohom J. Kess acquired 17,800 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of $22.29 per share, for a total transaction of $396,762.00. Following the transaction, the director directly owned 49,403 shares in the company, valued at $1,101,192.87. This represents a 56.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Bass acquired 2,980 shares of Varonis Systems stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average cost of $23.47 per share, for a total transaction of $69,940.60. Following the completion of the purchase, the executive vice president directly owned 1,042,924 shares of the company’s stock, valued at $24,477,426.28. This represents a 0.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 25,780 shares of company stock worth $579,403 in the last ninety days. 2.30% of the stock is owned by insiders.

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.