Varonis Systems Inc (NASDAQ:VRNS) Director Kevin E. Comolli sold 16,801 shares of Varonis Systems stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $58.72, for a total value of $986,554.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Kevin E. Comolli also recently made the following trade(s):
- On Thursday, March 8th, Kevin E. Comolli sold 50,000 shares of Varonis Systems stock. The stock was sold at an average price of $58.97, for a total value of $2,948,500.00.
Varonis Systems Inc (NASDAQ VRNS) traded up $0.20 during midday trading on Friday, hitting $59.00. The company’s stock had a trading volume of 389,350 shares, compared to its average volume of 316,308. The stock has a market cap of $1,637.39, a price-to-earnings ratio of -113.46 and a beta of 0.81. Varonis Systems Inc has a twelve month low of $26.35 and a twelve month high of $60.05.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The firm had revenue of $73.20 million during the quarter, compared to analyst estimates of $66.29 million. During the same quarter in the previous year, the business earned $0.24 EPS. Varonis Systems’s revenue for the quarter was up 34.6% compared to the same quarter last year. equities research analysts forecast that Varonis Systems Inc will post -0.77 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new position in shares of Varonis Systems in the 4th quarter valued at about $446,000. Crestline Management LP purchased a new position in shares of Varonis Systems in the 4th quarter valued at about $752,000. Millennium Management LLC increased its stake in shares of Varonis Systems by 6.4% in the 4th quarter. Millennium Management LLC now owns 827,424 shares of the technology company’s stock valued at $40,171,000 after purchasing an additional 49,532 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Varonis Systems by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 35,037 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Varonis Systems by 11.8% in the 4th quarter. Two Sigma Advisers LP now owns 382,273 shares of the technology company’s stock valued at $18,559,000 after purchasing an additional 40,500 shares in the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.
VRNS has been the subject of a number of research reports. Zacks Investment Research cut Varonis Systems from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price target on shares of Varonis Systems in a research report on Thursday, December 7th. Needham & Company LLC lifted their price target on Varonis Systems from $52.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Oppenheimer started coverage on Varonis Systems in a research note on Wednesday, December 6th. They set an “outperform” rating and a $57.00 price objective for the company. Finally, Stephens reiterated a “buy” rating and set a $58.00 price objective on shares of Varonis Systems in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.33.
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About Varonis Systems
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.
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