Varonis Systems, Inc. (NASDAQ:VRNS) Director Gili Iohan sold 52,569 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $49.93, for a total value of $2,624,770.17. Following the completion of the transaction, the director now directly owns 57,446 shares in the company, valued at $2,868,278.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Gili Iohan also recently made the following trade(s):

  • On Wednesday, November 8th, Gili Iohan sold 101 shares of Varonis Systems stock. The shares were sold at an average price of $49.00, for a total value of $4,949.00.
  • On Friday, September 8th, Gili Iohan sold 50,000 shares of Varonis Systems stock. The shares were sold at an average price of $39.32, for a total value of $1,966,000.00.

Varonis Systems, Inc. (NASDAQ:VRNS) opened at $49.05 on Friday. Varonis Systems, Inc. has a 1 year low of $24.75 and a 1 year high of $52.00.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $53.60 million during the quarter, compared to the consensus estimate of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. equities research analysts expect that Varonis Systems, Inc. will post -0.53 EPS for the current fiscal year.

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Several brokerages have weighed in on VRNS. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 target price (up from $44.00) on shares of Varonis Systems in a research report on Monday, September 11th. Barclays PLC increased their target price on Varonis Systems from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price (up from $41.00) on shares of Varonis Systems in a research report on Friday, August 4th. Zacks Investment Research lowered Varonis Systems from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $46.00 target price (up from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $44.90.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth about $122,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth about $151,000. Legal & General Group Plc raised its stake in shares of Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,223 shares in the last quarter. Adams Street Partners LLC purchased a new stake in shares of Varonis Systems during the 2nd quarter worth about $163,000. Finally, Van ECK Associates Corp raised its stake in shares of Varonis Systems by 5.9% during the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after purchasing an additional 296 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

About Varonis Systems

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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