Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 9,990 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $30.57, for a total value of $305,394.30. Following the completion of the transaction, the insider now directly owns 2,817,783 shares of the company’s stock, valued at approximately $86,139,626.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Pitango Venture Capital Princi also recently made the following trade(s):

  • On Friday, November 25th, Pitango Venture Capital Princi sold 2,582 shares of Varonis Systems stock. The stock was sold at an average price of $30.70, for a total value of $79,267.40.
  • On Wednesday, November 23rd, Pitango Venture Capital Princi sold 79,764 shares of Varonis Systems stock. The stock was sold at an average price of $30.81, for a total value of $2,457,528.84.
  • On Thursday, November 17th, Pitango Venture Capital Princi sold 28,263 shares of Varonis Systems stock. The stock was sold at an average price of $30.82, for a total value of $871,065.66.
  • On Monday, November 14th, Pitango Venture Capital Princi sold 24,300 shares of Varonis Systems stock. The stock was sold at an average price of $31.03, for a total value of $754,029.00.
  • On Wednesday, November 9th, Pitango Venture Capital Princi sold 7,700 shares of Varonis Systems stock. The stock was sold at an average price of $30.04, for a total value of $231,308.00.
  • On Thursday, November 10th, Pitango Venture Capital Princi sold 58,443 shares of Varonis Systems stock. The stock was sold at an average price of $30.06, for a total value of $1,756,796.58.
  • On Friday, November 11th, Pitango Venture Capital Princi sold 21,151 shares of Varonis Systems stock. The stock was sold at an average price of $31.04, for a total value of $656,527.04.
  • On Monday, November 7th, Pitango Venture Capital Princi sold 34,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.52, for a total value of $1,037,680.00.
  • On Monday, October 10th, Pitango Venture Capital Princi sold 6,793 shares of Varonis Systems stock. The stock was sold at an average price of $30.45, for a total value of $206,846.85.
  • On Monday, October 3rd, Pitango Venture Capital Princi sold 5,375 shares of Varonis Systems stock. The stock was sold at an average price of $30.17, for a total value of $162,163.75.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 29.20 on Thursday. The stock has a 50 day moving average price of $29.47 and a 200 day moving average price of $27.31. The stock’s market capitalization is $778.94 million. Varonis Systems Inc. has a one year low of $13.25 and a one year high of $32.05.

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

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

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Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in Varonis Systems by 0.4% in the third quarter. California State Teachers Retirement System now owns 22,534 shares of the company’s stock valued at $678,000 after buying an additional 100 shares during the last quarter. Rhumbline Advisers boosted its stake in Varonis Systems by 1.1% in the third quarter. Rhumbline Advisers now owns 10,061 shares of the company’s stock valued at $303,000 after buying an additional 110 shares during the last quarter. BlackRock Group LTD boosted its stake in 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 last quarter. BlackRock Advisors LLC boosted its stake in Varonis Systems by 8.0% in the third quarter. BlackRock Advisors LLC now owns 6,443 shares of the company’s stock valued at $194,000 after buying an additional 476 shares during the last quarter. Finally, Strs Ohio boosted its stake in Varonis Systems by 2.8% in the third quarter. Strs Ohio now owns 21,700 shares of the company’s stock valued at $653,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 44.05% of the company’s stock.

VRNS has been the subject of a number of research reports. Brean Capital reissued a “buy” rating and set a $35.00 price target on shares of Varonis Systems in a research note on Monday, August 8th. Royal Bank Of Canada increased their price target on Varonis Systems from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Needham & Company LLC raised Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Wednesday, August 10th. Jefferies Group increased their price target on Varonis Systems from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, JMP Securities increased their price target on Varonis Systems from $29.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Varonis Systems presently has a consensus rating of “Buy” and a consensus price target of $31.33.

Varonis Systems Company Profile

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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