Varonis Systems, Inc. (NASDAQ:VRNS) Director Gili Iohan sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $39.32, for a total transaction of $1,966,000.00. Following the sale, the director now owns 59,650 shares of the company’s stock, valued at $2,345,438. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gili Iohan also recently made the following trade(s):

  • On Monday, July 10th, Gili Iohan sold 10,000 shares of Varonis Systems stock. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00.
  • On Wednesday, June 21st, Gili Iohan sold 7,618 shares of Varonis Systems stock. The stock was sold at an average price of $37.00, for a total transaction of $281,866.00.

Varonis Systems, Inc. (NASDAQ:VRNS) traded down 0.25% during mid-day trading on Monday, reaching $39.35. 342,304 shares of the company’s stock were exchanged. Varonis Systems, Inc. has a 52-week low of $24.45 and a 52-week high of $40.00. The stock has a 50-day moving average price of $37.99 and a 200 day moving average price of $34.60. The company’s market cap is $1.08 billion.

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

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Several analysts recently commented on VRNS shares. Needham & Company LLC raised their price target on shares of Varonis Systems from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Stifel Nicolaus raised their price target on shares of Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Morgan Stanley upgraded shares of 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. Zacks Investment Research cut shares of Varonis Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of Varonis Systems in a research note on Thursday, July 20th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings 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 valued at $197,000 after buying an additional 296 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Varonis Systems by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 31,268 shares of the technology company’s stock valued at $994,000 after buying an additional 373 shares during the last quarter. NorthCoast Asset Management LLC boosted its holdings in shares of Varonis Systems by 1.1% in the 2nd quarter. NorthCoast Asset Management LLC now owns 39,241 shares of the technology company’s stock valued at $1,460,000 after buying an additional 426 shares during the last quarter. American International Group Inc. boosted its holdings in shares of Varonis Systems by 7.1% in the 1st 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 last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Varonis Systems by 39.6% in the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after buying an additional 1,223 shares during the last quarter. 82.41% of the stock is 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, 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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