BlackRock Amends Varonis Stake to 9.0% as of Dec 31, 2023
Ticker: VRNS · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1361113
| Field | Detail |
|---|---|
| Company | Varonis Systems Inc (VRNS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns 9.0% of Varonis as of year-end 2023, a slight adjustment but still a big position.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in Varonis Systems, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 10,035,014 shares of Varonis Systems' Common Stock, representing 9.0% of the company. This is an amendment (Amendment No. 6), indicating a change in their previously reported stake. For investors, this shows that a major institutional investor like BlackRock maintains a significant, albeit slightly reduced, position in Varonis, which can be seen as a vote of confidence or a strategic adjustment in their portfolio allocation.
Why It Matters
This filing shows that BlackRock, a major institutional investor, still holds a substantial stake in Varonis Systems, which can influence investor sentiment and the stock's perceived stability.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
An investor should note BlackRock's continued significant, though slightly adjusted, stake in Varonis Systems as a data point for institutional confidence, but should conduct further due diligence on Varonis's fundamentals and market position rather than solely relying on this filing.
Key Numbers
- 10,035,014 — Shares Beneficially Owned (This is the total number of Varonis Systems shares BlackRock reported owning.)
- 9.0% — Percentage of Class Owned (This represents BlackRock's significant stake in Varonis Systems as of the reporting date.)
- December 31, 2023 — Date of Event (This is the snapshot date for the ownership information provided in the filing.)
- 6 — Amendment Number (This indicates that BlackRock has filed multiple updates to its ownership in Varonis Systems.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- VARONIS SYSTEMS, INC (company) — the subject company whose shares are being reported
- 10,035,014 (dollar_amount) — number of shares beneficially owned by BlackRock
- 9.0% (dollar_amount) — percentage of class beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will likely maintain a significant, but passive, stake in Varonis Systems, Inc. for the foreseeable future. (BlackRock, Inc.) — high confidence, target: December 31, 2024
- Varonis Systems, Inc. stock may experience continued institutional interest due to BlackRock's substantial holding. (VARONIS SYSTEMS, INC) — medium confidence, target: June 30, 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A filing, like this one by BlackRock, Inc., is an amendment to a Schedule 13G. It's filed by institutional investors who beneficially own more than 5% of a company's stock but do not intend to influence or control the company. The 'A' signifies it's an amendment to a previously filed statement, indicating a change in their ownership percentage or other relevant details.
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is BlackRock, Inc., a major institutional investment manager, as stated in the 'Names of reporting persons' section of the filing.
What company's stock is the subject of this filing?
The subject company whose stock is being reported on is VARONIS SYSTEMS, INC, as clearly stated under 'Name of Issuer' in the Schedule 13G.
How many shares of Varonis Systems, Inc. did BlackRock, Inc. beneficially own as of the reporting date?
As of December 31, 2023, BlackRock, Inc. beneficially owned 10,035,014 shares of Common Stock of Varonis Systems, Inc., as detailed in the filing.
What percentage of Varonis Systems, Inc.'s Common Stock does BlackRock, Inc. beneficially own according to this filing?
BlackRock, Inc. beneficially owns 9.0% of the Common Stock of Varonis Systems, Inc., as reported in the filing for the period ending December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding VARONIS SYSTEMS INC (VRNS).