Varonis Systems Inc. (NASDAQ:VRNS) CFO Gili Iohan sold 5,000 shares of Varonis Systems stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $30.72, for a total value of $153,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 29.95 on Wednesday. Varonis Systems Inc. has a 52 week low of $13.25 and a 52 week high of $32.05. The stock’s market capitalization is $798.95 million. The stock’s 50 day moving average is $29.47 and its 200 day moving average is $27.31.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, November 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. Varonis Systems had a negative net margin of 12.09% and a negative return on equity of 23.71%. The business earned $40.90 million during the quarter, compared to analyst estimates of $38.60 million. During the same period in the prior year, the business earned ($0.10) earnings per share. The business’s quarterly revenue was up 31.1% on a year-over-year basis. Analysts anticipate that Varonis Systems Inc. will post ($0.21) EPS for the current fiscal year.

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

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Several research analysts recently issued reports on the company. RBC Capital Markets restated an “outperform” rating and set a $32.00 price objective (up from $27.00) on shares of Varonis Systems in a research report on Thursday, August 11th. JMP Securities restated a “buy” rating on shares of Varonis Systems in a research report on Friday, November 4th. Jefferies Group lifted their target price on shares of Varonis Systems from $26.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Imperial Capital lifted their target price on shares of Varonis Systems from $27.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada lifted their target price on shares of Varonis Systems from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.33.

A number of hedge funds have recently added to or reduced their stakes in VRNS. US Bancorp DE acquired a new stake in Varonis Systems during the third quarter valued at approximately $130,000. BlackRock Group LTD increased its stake in shares of Varonis Systems by 10.1% in the third quarter. BlackRock Group LTD now owns 4,596 shares of the company’s stock valued at $138,000 after buying an additional 423 shares during the period. BlackRock Advisors LLC increased its stake in shares of Varonis Systems by 11.6% in the second quarter. BlackRock Advisors LLC now owns 5,967 shares of the company’s stock valued at $143,000 after buying an additional 620 shares during the period. American International Group Inc. increased its stake in shares of Varonis Systems by 17.4% in the second quarter. American International Group Inc. now owns 6,159 shares of the company’s stock valued at $148,000 after buying an additional 913 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Varonis Systems by 21.0% in the second quarter. Nationwide Fund Advisors now owns 6,986 shares of the company’s stock valued at $168,000 after buying an additional 1,211 shares during the period. 44.05% of the stock is owned by institutional investors and hedge funds.

About Varonis Systems

Varonis Systems, Inc (Varonis) provides a software platform that allows enterprises to analyze, secure, manage and utilize their unstructured data. The Company specializes in human-generated data, a type of unstructured data that includes an enterprise’s spreadsheets, word processing documents, presentations, audio files, video files, e-mails, text messages and any other data created by employees.

5 Day Chart for NASDAQ:VRNS

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