Varonis SystemsVRNS
About: Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.
Employees: 2,233
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
120% more call options, than puts
Call options by funds: $17.7M | Put options by funds: $8.05M
41% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 34
25% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]
22% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 100
6% more capital invested
Capital invested by funds: $5.09B [Q1] → $5.38B (+$290M) [Q2]
5% more funds holding
Funds holding: 302 [Q1] → 316 (+14) [Q2]
0.89% more ownership
Funds ownership: 99.66% [Q1] → 100.55% (+0.89%) [Q2]
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Barclays Saket Kalia 57% 1-year accuracy 25 / 44 met price target | 11%upside $65 | Overweight Maintained | 7 Oct 2024 |
Wedbush Daniel Ives 67% 1-year accuracy 90 / 134 met price target | 14%upside $67 | Outperform Reiterated | 26 Aug 2024 |
Wedbush Daniel Ives 67% 1-year accuracy 90 / 134 met price target | 14%upside $67 | Outperform Maintained | 30 Jul 2024 |
TD Cowen Shaul Eyal 73% 1-year accuracy 11 / 15 met price target | 11%upside $65 | Buy Maintained | 30 Jul 2024 |
RBC Capital Matthew Hedberg 49% 1-year accuracy 53 / 109 met price target | 11%upside $65 | Outperform Maintained | 30 Jul 2024 |