Oak Ridge Investments LLC bought a new stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,460 shares of the technology company's stock, valued at approximately $1,398,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Varonis Systems by 445.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company's stock worth $29,000 after buying an additional 423 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Varonis Systems by 5,550.0% during the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company's stock valued at $140,000 after acquiring an additional 2,442 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Varonis Systems in the 3rd quarter valued at approximately $184,000. KBC Group NV increased its stake in Varonis Systems by 25.5% during the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company's stock valued at $184,000 after purchasing an additional 663 shares in the last quarter. Finally, Atom Investors LP purchased a new position in shares of Varonis Systems in the third quarter worth $224,000. 95.65% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:VRNS opened at $44.19 on Friday. The company has a fifty day moving average of $47.57 and a two-hundred day moving average of $51.60. Varonis Systems, Inc. has a fifty-two week low of $41.13 and a fifty-two week high of $60.58. The stock has a market capitalization of $4.97 billion, a PE ratio of -58.92 and a beta of 0.83. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. During the same period last year, the company posted ($0.22) EPS. Varonis Systems's quarterly revenue was up 21.1% compared to the same quarter last year. As a group, research analysts forecast that Varonis Systems, Inc. will post -0.7 earnings per share for the current fiscal year.

In other news, CFO Guy Melamed sold 91,345 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the transaction, the chief financial officer now directly owns 504,598 shares of the company's stock, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company's stock.

A number of brokerages have recently weighed in on VRNS. Royal Bank of Canada reissued an "outperform" rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $59.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Citigroup reduced their price objective on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday. Robert W. Baird upped their target price on Varonis Systems from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, DA Davidson reduced their price target on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.44.

Check Out Our Latest Analysis on Varonis Systems

(Free Report)

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems, Inc. (NASDAQ:VRNS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Varonis Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Varonis Systems wasn't on the list.

While Varonis Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here