Varonis Systems, Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 70,842 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $40.96, for a total value of $2,901,688.32. Following the sale, the chief executive officer now owns 334,908 shares of the company’s stock, valued at approximately $13,717,831.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, September 18th, Yakov Faitelson sold 36,081 shares of Varonis Systems stock. The shares were sold at an average price of $40.51, for a total value of $1,461,641.31.
  • On Monday, July 10th, Yakov Faitelson sold 7,000 shares of Varonis Systems stock. The shares were sold at an average price of $38.00, for a total value of $266,000.00.
  • On Friday, June 23rd, Yakov Faitelson sold 56,085 shares of Varonis Systems stock. The shares were sold at an average price of $37.04, for a total value of $2,077,388.40.

Varonis Systems, Inc. (NASDAQ:VRNS) traded up 0.59% during trading on Thursday, hitting $42.30. The company had a trading volume of 252,031 shares. Varonis Systems, Inc. has a one year low of $24.45 and a one year high of $43.05. The company’s market capitalization is $1.16 billion. The stock has a 50-day moving average of $38.41 and a 200 day moving average of $35.18.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $47.50 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities analysts forecast that Varonis Systems, Inc. will post $0.09 EPS for the current fiscal year.

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VRNS has been the subject of a number of research reports. Zacks Investment Research downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Imperial Capital reiterated an “outperform” rating and issued a $46.00 price objective (up previously from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 price objective on shares of Varonis Systems in a research report on Thursday, July 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Varonis Systems in a research report on Thursday, September 7th. Finally, Morgan Stanley upgraded Varonis Systems from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $35.00 in a research report on Wednesday, June 21st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $43.20.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Varonis Systems by 11.0% in the second quarter. Vanguard Group Inc. now owns 826,449 shares of the technology company’s stock valued at $30,744,000 after buying an additional 82,109 shares during the period. Emerald Advisers Inc. PA boosted its stake in shares of Varonis Systems by 4.6% in the second quarter. Emerald Advisers Inc. PA now owns 757,430 shares of the technology company’s stock valued at $28,176,000 after buying an additional 33,185 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Varonis Systems by 355.9% in the second quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock valued at $23,579,000 after buying an additional 494,824 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Varonis Systems by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 580,463 shares of the technology company’s stock valued at $21,593,000 after buying an additional 27,248 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Varonis Systems by 2.4% in the first quarter. Clearbridge Investments LLC now owns 532,502 shares of the technology company’s stock valued at $16,934,000 after buying an additional 12,590 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

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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