Varonis Systems, Inc. (NASDAQ:VRNS) insider Ohad Korkus sold 57,938 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $39.04, for a total value of $2,261,899.52. Following the completion of the transaction, the insider now directly owns 214,108 shares in the company, valued at approximately $8,358,776.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, July 12th, Ohad Korkus sold 16,862 shares of Varonis Systems stock. The shares were sold at an average price of $39.02, for a total value of $657,955.24.
  • On Thursday, July 13th, Ohad Korkus sold 17,062 shares of Varonis Systems stock. The shares were sold at an average price of $39.02, for a total value of $665,759.24.
  • On Monday, July 10th, Ohad Korkus sold 15,500 shares of Varonis Systems stock. The shares were sold at an average price of $38.00, for a total value of $589,000.00.
  • On Tuesday, July 11th, Ohad Korkus sold 50,000 shares of Varonis Systems stock. The stock was sold at an average price of $38.09, for a total value of $1,904,500.00.
  • On Friday, June 23rd, Ohad Korkus sold 56,380 shares of Varonis Systems stock. The stock was sold at an average price of $37.05, for a total value of $2,088,879.00.
  • 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 value 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 value 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 value 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 value 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 value of $999,008.00.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) opened at 38.50 on Friday. The company has a 50-day moving average of $37.03 and a 200-day moving average of $32.19. Varonis Systems, Inc. has a 12 month low of $23.71 and a 12 month high of $39.30. The firm’s market cap is $1.05 billion.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position 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 valued at $209,000 after buying an additional 437 shares during the period. Teza Capital Management LLC purchased a new position in Varonis Systems during the first quarter valued at approximately $223,000. Oxford Asset Management purchased a new position in Varonis Systems during the first quarter valued at approximately $263,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Varonis Systems during the first quarter valued at approximately $286,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Varonis Systems during the first quarter valued at approximately $315,000. Hedge funds and other institutional investors own 61.39% of the company’s stock.

Several equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of Varonis Systems in a report on Thursday. Barclays PLC reissued a “hold” rating and set a $45.00 price target on shares of Varonis Systems in a report on Wednesday. Zacks Investment Research lowered Varonis Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Morgan Stanley raised Varonis Systems from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $24.00 to $35.00 in a report on Wednesday, June 21st. Finally, ValuEngine raised Varonis Systems from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $38.91.

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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