Guy Melamed Sells 15,510 Shares of Varonis Systems Inc (VRNS) Stock
Varonis Systems Inc (NASDAQ:VRNS) CFO Guy Melamed sold 15,510 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $56.13, for a total transaction of $870,576.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Guy Melamed also recently made the following trade(s):
- On Wednesday, January 3rd, Guy Melamed sold 897 shares of Varonis Systems stock. The shares were sold at an average price of $48.95, for a total transaction of $43,908.15.
Varonis Systems Inc (NASDAQ:VRNS) traded up $0.30 during trading hours on Monday, reaching $58.00. 333,786 shares of the company’s stock traded hands, compared to its average volume of 371,735. Varonis Systems Inc has a 52-week low of $26.35 and a 52-week high of $59.25. The stock has a market cap of $1,610.00, a P/E ratio of -113.73 and a beta of 0.81.
A number of large investors have recently bought and sold shares of VRNS. Northern Trust Corp increased its holdings in Varonis Systems by 48.2% during the 2nd quarter. Northern Trust Corp now owns 230,489 shares of the technology company’s stock valued at $8,574,000 after acquiring an additional 74,919 shares in the last quarter. Vanguard Group Inc. increased its holdings in Varonis Systems by 11.0% during the 2nd quarter. Vanguard Group Inc. now owns 826,449 shares of the technology company’s stock valued at $30,744,000 after acquiring an additional 82,109 shares in the last quarter. FMR LLC purchased a new position in Varonis Systems during the 2nd quarter valued at about $4,684,000. Parametric Portfolio Associates LLC purchased a new position in Varonis Systems during the 2nd quarter valued at about $993,000. Finally, Voya Investment Management LLC purchased a new position in Varonis Systems during the 2nd quarter valued at about $313,000. Hedge funds and other institutional investors own 85.34% of the company’s stock.
VRNS has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $55.00 price target on shares of Varonis Systems in a report on Thursday, December 7th. Zacks Investment Research downgraded shares of Varonis Systems from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Stephens reiterated a “buy” rating and issued a $58.00 price target on shares of Varonis Systems in a report on Friday, January 12th. Barclays reiterated a “neutral” rating on shares of Varonis Systems in a report on Tuesday, December 19th. Finally, Oppenheimer reiterated a “buy” rating and issued a $57.00 price target on shares of Varonis Systems in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.92.
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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.
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