Varonis Systems, Inc. (NASDAQ:VRNS) insider Ohad Korkus sold 56,380 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $37.05, for a total transaction of $2,088,879.00. Following the sale, the insider now owns 362,750 shares in the company, valued at $13,439,887.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ohad Korkus also recently made the following trade(s):

  • On Friday, May 26th, Ohad Korkus sold 120 shares of Varonis Systems stock. The stock was sold at an average price of $37.00, for a total transaction of $4,440.00.
  • On Thursday, May 25th, Ohad Korkus sold 500 shares of Varonis Systems stock. The stock was sold at an average price of $37.00, for a total transaction of $18,500.00.
  • On Thursday, May 4th, Ohad Korkus sold 7,065 shares of Varonis Systems stock. The stock was sold at an average price of $32.00, for a total transaction of $226,080.00.
  • On Tuesday, May 2nd, Ohad Korkus sold 61,226 shares of Varonis Systems stock. The stock was sold at an average price of $32.02, for a total transaction of $1,960,456.52.
  • On Monday, May 1st, Ohad Korkus sold 31,219 shares of Varonis Systems stock. The stock was sold at an average price of $32.00, for a total transaction of $999,008.00.
  • On Wednesday, May 3rd, Ohad Korkus sold 97,844 shares of Varonis Systems stock. The stock was sold at an average price of $32.01, for a total transaction of $3,131,986.44.
  • On Monday, April 3rd, Ohad Korkus sold 3,800 shares of Varonis Systems stock. The stock was sold at an average price of $32.00, for a total transaction of $121,600.00.

Shares of Varonis Systems, Inc. (NASDAQ VRNS) traded up 2.45% on Friday, reaching $37.70. 1,422,556 shares of the company traded hands. Varonis Systems, Inc. has a 52-week low of $21.54 and a 52-week high of $37.70. The company’s market capitalization is $1.03 billion. The firm has a 50-day moving average of $35.60 and a 200-day moving average of $30.53.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.07. The firm had revenue of $40.40 million during the quarter, compared to the consensus estimate of $37.45 million. Varonis Systems had a negative return on equity of 23.33% and a negative net margin of 10.46%. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.29) EPS.

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

WARNING: “Varonis Systems, Inc. (VRNS) Insider Sells $2,088,879.00 in Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/06/24/varonis-systems-inc-vrns-insider-sells-2088879-00-in-stock.html.

Large investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in Varonis Systems by 3.9% in the fourth quarter. Van ECK Associates Corp now owns 4,995 shares of the technology company’s stock worth $134,000 after buying an additional 189 shares during the period. American International Group Inc. increased its stake in Varonis Systems by 7.1% in the first quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock worth $209,000 after buying an additional 437 shares during the period. Teza Capital Management LLC purchased a new stake in Varonis Systems during the first quarter worth $223,000. Oxford Asset Management purchased a new stake in Varonis Systems during the first quarter worth $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Varonis Systems during the first quarter worth $286,000. 61.11% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Morgan Stanley upgraded shares of Varonis Systems from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $35.00 in a research report on Wednesday. ValuEngine upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus boosted their price objective on shares of Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Needham & Company LLC boosted their price objective on shares of Varonis Systems from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Imperial Capital boosted their price objective on shares of Varonis Systems from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.33.

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.

Receive News & Ratings for Varonis Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.