Insider Selling: Varonis Systems Inc (VRNS) Director Sells 52,569 Shares of Stock

Varonis Systems Inc (NASDAQ:VRNS) Director Gili Iohan sold 52,569 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $49.93, for a total transaction of $2,624,770.17. Following the completion of the sale, the director now directly owns 57,446 shares of the company’s stock, valued at approximately $2,868,278.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Gili Iohan also recently made the following trade(s):

  • On Wednesday, November 8th, Gili Iohan sold 101 shares of Varonis Systems stock. The stock was sold at an average price of $49.00, for a total transaction of $4,949.00.
  • On Friday, September 8th, Gili Iohan sold 50,000 shares of Varonis Systems stock. The shares were sold at an average price of $39.32, for a total transaction of $1,966,000.00.

Varonis Systems Inc (VRNS) traded down $4.80 during mid-day trading on Monday, hitting $47.55. The stock had a trading volume of 632,290 shares, compared to its average volume of 296,663. Varonis Systems Inc has a 1-year low of $24.75 and a 1-year high of $53.60.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $53.60 million during the quarter, compared to analysts’ expectations of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. Varonis Systems’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. sell-side analysts predict that Varonis Systems Inc will post -0.53 EPS for the current fiscal year.

Several brokerages have recently weighed in on VRNS. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, August 10th. Needham & Company LLC boosted their price target on shares of Varonis Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Varonis Systems in a research note on Friday. Royal Bank Of Canada restated a “buy” rating and set a $44.00 target price on shares of Varonis Systems in a research note on Wednesday, October 18th. Finally, BidaskClub upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.90.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Varonis Systems by 11.0% in the second quarter. Vanguard Group Inc. now owns 826,449 shares of the technology company’s stock valued at $30,744,000 after buying an additional 82,109 shares in the last quarter. Emerald Advisers Inc. PA increased its position in shares of Varonis Systems by 4.6% in the second quarter. Emerald Advisers Inc. PA now owns 757,430 shares of the technology company’s stock valued at $28,176,000 after buying an additional 33,185 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Varonis Systems by 355.9% in the second quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock valued at $23,579,000 after buying an additional 494,824 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Varonis Systems by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 580,463 shares of the technology company’s stock valued at $21,593,000 after buying an additional 27,248 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Varonis Systems during the 2nd quarter worth about $18,092,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

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Varonis Systems Company Profile

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

Insider Buying and Selling by Quarter for Varonis Systems (NASDAQ:VRNS)

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