Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed sold 1,150 shares of Varonis Systems stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $38.35, for a total value of $44,102.50. Following the transaction, the chief financial officer now owns 96,295 shares in the company, valued at approximately $3,692,913.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Guy Melamed also recently made the following trade(s):

  • On Friday, August 4th, Guy Melamed sold 6,562 shares of Varonis Systems stock. The stock was sold at an average price of $39.50, for a total value of $259,199.00.
  • On Friday, June 23rd, Guy Melamed sold 5,074 shares of Varonis Systems stock. The stock was sold at an average price of $37.50, for a total value of $190,275.00.

Shares of Varonis Systems, Inc. (VRNS) traded down 0.38% during midday trading on Thursday, hitting $38.90. The stock had a trading volume of 210,957 shares. Varonis Systems, Inc. has a 12-month low of $24.45 and a 12-month high of $40.00. The stock has a 50-day moving average price of $37.98 and a 200-day moving average price of $34.42. The stock’s market cap is $1.07 billion.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The company had revenue of $50.20 million for the quarter, compared to analyst estimates of $47.50 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts forecast that Varonis Systems, Inc. will post $0.09 earnings per share for the current year.

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Several equities research analysts have issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and set a $42.00 target price on shares of Varonis Systems in a research note on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating and set a $45.00 target price on shares of Varonis Systems in a research note on Thursday. Barclays PLC reissued a “hold” rating and set a $45.00 target price on shares of Varonis Systems in a research note on Wednesday, July 19th. BidaskClub raised Varonis Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Imperial Capital reissued an “outperform” rating and set a $46.00 target price (up previously from $39.00) on shares of Varonis Systems in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.60.

Institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Varonis Systems during the 2nd quarter worth $122,000. Fortaleza Asset Management Inc. purchased a new position in shares of Varonis Systems during the 2nd quarter worth $151,000. Legal & General Group Plc lifted its stake in shares of Varonis Systems by 39.6% during the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,223 shares during the period. Adams Street Partners LLC purchased a new position in shares of Varonis Systems in the 2nd quarter worth $163,000. Finally, Van ECK Associates Corp raised its position in shares of Varonis Systems by 5.9% in the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after buying an additional 296 shares during the period. 82.41% of the stock is currently owned by institutional investors.

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, Data 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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