William Blair Amends Varonis Stake to 2.8% as of Dec 31, 2023

TL;DR

**William Blair now owns 2.8% of Varonis, holding 3.25M shares as of year-end.**

AI Summary

William Blair Investment Management, LLC, a Delaware-based investment firm, has filed an amended SC 13G/A for Varonis Systems Inc. (VRNS) as of December 31, 2023. The filing indicates that William Blair beneficially owns 3,249,245 shares of Varonis's Common Stock, representing 2.8% of the company. This is an amendment, suggesting a change in their holdings since their last filing, and it matters to investors as it shows a significant institutional investor's current stake in the company.

Why It Matters

This filing reveals a major institutional investor's current position in Varonis Systems, providing insight into their confidence (or lack thereof) in the company's future prospects.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently introduce new risks to the company or its investors.

Analyst Insight

Investors should note that a prominent institutional investor like William Blair maintains a significant, albeit slightly reduced or adjusted, stake in Varonis, which could be a signal of continued long-term interest or a rebalancing of their portfolio. This information can be used as one data point among many when evaluating Varonis Systems Inc.

Key Numbers

• 3,249,245 — shares beneficially owned (total shares of Varonis Systems Inc. held by William Blair Investment Management, LLC)
• 2.8% — percentage of class (the percentage of Varonis Systems Inc. Common Stock beneficially owned by William Blair Investment Management, LLC)
• 2,840,808 — sole voting power shares (shares over which William Blair Investment Management, LLC has sole voting power)

Key Players & Entities

• William Blair Investment Management, LLC (company) — the reporting person and institutional investor
• Varonis Systems Inc (company) — the subject company whose stock is being reported
• Delaware (company) — place of organization for William Blair Investment Management, LLC
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• William Blair Investment Management, LLC will continue to be a significant institutional holder of Varonis Systems Inc. stock. (William Blair Investment Management, LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• tm245766d18_sc13ga.htm (SC 13G/A) — 51KB
• 0001104659-24-015207.txt ( ) — 53KB

(a)

Item 1(a). Name of Issuer: Varonis Systems Inc

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1250 Broadway, 28th Floor, New York, NY 10001

(a)

Item 2(a). Name of Person Filing: William Blair Investment Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 922280102 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 922280102 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,249,245 (b) Percent of class: 3.0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,840,808 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,249,245 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

View Full Filing

View this SC 13G/A filing on SEC EDGAR