Insider Selling: Varonis Systems, Inc. (VRNS) CEO Sells $2,847,276.18 in Stock

Varonis Systems, Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 91,818 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $31.01, for a total transaction of $2,847,276.18. Following the completion of the transaction, the chief executive officer now owns 832,751 shares in the company, valued at approximately $25,823,608.51. 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 Wednesday, February 8th, Yakov Faitelson sold 111,803 shares of Varonis Systems stock. The stock was sold at an average price of $30.84, for a total transaction of $3,448,004.52.
  • On Monday, February 6th, Yakov Faitelson sold 19,785 shares of Varonis Systems stock. The stock was sold at an average price of $30.05, for a total transaction of $594,539.25.
  • On Wednesday, January 25th, Yakov Faitelson sold 30,215 shares of Varonis Systems stock. The stock was sold at an average price of $30.02, for a total transaction of $907,054.30.
  • On Monday, November 14th, Yakov Faitelson sold 45,200 shares of Varonis Systems stock. The stock was sold at an average price of $31.03, for a total transaction of $1,402,556.00.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) opened at 28.05 on Monday. Varonis Systems, Inc. has a 52-week low of $16.08 and a 52-week high of $32.05. The stock’s 50 day moving average is $28.49 and its 200 day moving average is $28.51. The company’s market cap is $749.97 million.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. Varonis Systems had a negative return on equity of 23.12% and a negative net margin of 10.77%. The business had revenue of $54.40 million for the quarter, compared to analyst estimates of $53.41 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. Equities analysts forecast that Varonis Systems, Inc. will post ($0.08) EPS for the current year.

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

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Several equities analysts have recently weighed in on VRNS shares. Brean Capital reiterated a “buy” rating and issued a $40.00 price objective on shares of Varonis Systems in a research note on Wednesday, December 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Varonis Systems in a research note on Friday, November 4th. Imperial Capital reiterated an “outperform” rating and issued a $35.00 price objective on shares of Varonis Systems in a research note on Saturday, January 7th. Zacks Investment Research cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a research note on Friday, January 6th. Finally, RBC Capital Markets restated an “outperform” rating and set a $39.00 target price (up previously from $37.00) on shares of Varonis Systems in a research note on Thursday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Varonis Systems has an average rating of “Buy” and a consensus target price of $33.75.

Large investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Varonis Systems during the third quarter worth $8,831,000. Emerald Advisers Inc. PA purchased a new stake in shares of Varonis Systems during the third quarter worth approximately $8,431,000. Eagle Asset Management Inc. purchased a new stake in shares of Varonis Systems during the third quarter worth approximately $6,935,000. G2 Investment Partners Management LLC raised its stake in shares of Varonis Systems by 228.1% in the third quarter. G2 Investment Partners Management LLC now owns 285,250 shares of the company’s stock worth $8,586,000 after buying an additional 198,310 shares in the last quarter. Finally, Cortina Asset Management LLC raised its stake in shares of Varonis Systems by 63.3% in the fourth quarter. Cortina Asset Management LLC now owns 378,898 shares of the company’s stock worth $10,154,000 after buying an additional 146,876 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

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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