Varonis Systems’ Lock-Up Period Set To End on August 27th (NASDAQ:VRNS)
Varonis Systems’ (NASDAQ:VRNS) lock-up period is set to expire on Wednesday, August 27th. Varonis Systems had issued 4,800,000 shares in its public offering on February 28th, American Banking and Market News reports. The total size of the offering was $105,600,000 based on an initial share price of $22.00. After the expiration of Varonis Systems’ lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Varonis Systems (NASDAQ:VRNS) traded down 0.19% on Friday, hitting $19.9916. 6,034 shares of the company’s stock traded hands. Varonis Systems has a 52 week low of $19.21 and a 52 week high of $56.80. The stock’s 50-day moving average is $22.3 and its 200-day moving average is $27.91. The company’s market cap is $489.7 million.
Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, August 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.02. The company had revenue of $24.60 million for the quarter, compared to the consensus estimate of $23.30 million. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, analysts predict that Varonis Systems will post $-0.59 earnings per share for the current fiscal year.
Varonis Systems, Inc (NASDAQ:VRNS) provides software platform that allows enterprises to map, analyze, manage and migrate their unstructured data.
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