Varonis Systems, Inc. (NASDAQ:VRNS) CEO Sells $266,000.00 in Stock

Varonis Systems, Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 7,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $38.00, for a total value of $266,000.00. Following the completion of the transaction, the chief executive officer now owns 370,989 shares in the company, valued at approximately $14,097,582. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Yakov Faitelson also recently made the following trade(s):

  • On Friday, June 23rd, Yakov Faitelson sold 56,085 shares of Varonis Systems stock. The stock was sold at an average price of $37.04, for a total value of $2,077,388.40.
  • On Friday, May 26th, Yakov Faitelson sold 915 shares of Varonis Systems stock. The stock was sold at an average price of $37.00, for a total value of $33,855.00.
  • On Thursday, May 4th, Yakov Faitelson sold 8,657 shares of Varonis Systems stock. The stock was sold at an average price of $32.01, for a total value of $277,110.57.
  • On Tuesday, May 2nd, Yakov Faitelson sold 50,818 shares of Varonis Systems stock. The stock was sold at an average price of $32.03, for a total value of $1,627,700.54.
  • On Monday, May 1st, Yakov Faitelson sold 33,320 shares of Varonis Systems stock. The stock was sold at an average price of $32.00, for a total value of $1,066,240.00.
  • On Wednesday, May 3rd, Yakov Faitelson sold 91,385 shares of Varonis Systems stock. The stock was sold at an average price of $32.02, for a total value of $2,926,147.70.

Shares of Varonis Systems, Inc. (VRNS) opened at 38.60 on Monday. The stock has a 50 day moving average price of $36.22 and a 200 day moving average price of $30.97. Varonis Systems, Inc. has a 52 week low of $23.71 and a 52 week high of $39.15. The stock’s market capitalization is $1.05 billion.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.07. The business had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $37.45 million. Varonis Systems had a negative return on equity of 23.33% and a negative net margin of 10.46%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.29) EPS.

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A number of hedge funds have recently bought and sold shares of the stock. Allianz Asset Management AG bought a new stake in shares of Varonis Systems during the fourth quarter worth approximately $1,356,000. Highbridge Capital Management LLC boosted its stake in shares of Varonis Systems by 519.4% in the fourth quarter. Highbridge Capital Management LLC now owns 47,553 shares of the technology company’s stock worth $1,274,000 after buying an additional 39,876 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Varonis Systems during the fourth quarter worth approximately $3,189,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Varonis Systems during the first quarter worth approximately $286,000. Finally, Oxford Asset Management bought a new stake in shares of Varonis Systems during the first quarter worth approximately $263,000. 61.39% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Needham & Company LLC assumed coverage on Varonis Systems in a report on Monday, May 1st. They issued a “buy” rating and a $38.00 price target on the stock. Stifel Nicolaus increased their price target on Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Imperial Capital increased their price target on Varonis Systems from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $40.00 price target (up previously from $39.00) on shares of Varonis Systems in a report on Friday, May 5th. Finally, Zacks Investment Research upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $38.00.

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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