Varonis Systems, Inc. (VRNS) is experiencing a decline in its stock price today, which may be attributed to recent changes in institutional ownership. UBS Asset Management Americas LLC significantly reduced its holdings in Varonis by 55.4% during the third quarter, selling 696,291 shares. This reduction in holdings by a major institutional investor could be influencing market sentiment and contributing to the downward pressure on the stock.
The current price of Varonis Systems is $49.98, reflecting a decrease of 1.57% from its previous close of $50.78. The stock opened at $50.54 and has seen a slight decline of 1.1% from the opening price.