Insider Selling: Varonis Systems Inc (VRNS) CFO Sells 6,562 Shares of Stock
Varonis Systems Inc (NASDAQ:VRNS) CFO Guy Melamed sold 6,562 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $39.50, for a total value of $259,199.00. Following the completion of the sale, the chief financial officer now directly owns 104,653 shares of the company’s stock, valued at approximately $4,133,793.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Guy Melamed also recently made the following trade(s):
- On Friday, June 23rd, Guy Melamed sold 5,074 shares of Varonis Systems stock. The stock was sold at an average price of $37.50, for a total value of $190,275.00.
Shares of Varonis Systems Inc (VRNS) opened at 35.85 on Monday. Varonis Systems Inc has a 1-year low of $24.45 and a 1-year high of $40.00. The stock’s market capitalization is $986.02 million. The firm’s 50-day moving average price is $37.69 and its 200 day moving average price is $33.21.
Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative net margin of 10.04% and a negative return on equity of 25.01%. The company had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.50 million. During the same period last year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities research analysts expect that Varonis Systems Inc will post $0.09 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP boosted its position in shares of Varonis Systems by 1,174.0% in the second quarter. OxFORD Asset Management LLP now owns 105,389 shares of the technology company’s stock worth $3,920,000 after buying an additional 97,117 shares during the period. Citadel Advisors LLC boosted its position in shares of Varonis Systems by 240.2% in the second quarter. Citadel Advisors LLC now owns 48,318 shares of the technology company’s stock worth $1,797,000 after buying an additional 34,117 shares during the period. Renaissance Technologies LLC boosted its position in shares of Varonis Systems by 4,112.1% in the second quarter. Renaissance Technologies LLC now owns 450,700 shares of the technology company’s stock worth $16,766,000 after buying an additional 440,000 shares during the period. EAM Investors LLC acquired a new position in shares of Varonis Systems during the second quarter worth $3,816,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Varonis Systems during the second quarter worth $993,000. Institutional investors own 64.93% of the company’s stock.
A number of brokerages have commented on VRNS. Zacks Investment Research cut Varonis Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price target on shares of Varonis Systems in a research report on Thursday, July 20th. Imperial Capital reaffirmed an “outperform” rating and set a $46.00 price target (up previously from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Morgan Stanley raised Varonis Systems from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $24.00 to $35.00 in a research report on Wednesday, June 21st. Finally, Needham & Company LLC lifted their price target on Varonis Systems from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $42.60.
About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Data 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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