Varonis Systems, Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 36,081 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $40.51, for a total value of $1,461,641.31. Following the completion of the sale, the chief executive officer now owns 334,908 shares of the company’s stock, valued at $13,567,123.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Yakov Faitelson also recently made the following trade(s):

  • On Tuesday, September 19th, Yakov Faitelson sold 70,842 shares of Varonis Systems stock. The shares were sold at an average price of $40.96, for a total value of $2,901,688.32.
  • On Monday, July 10th, Yakov Faitelson sold 7,000 shares of Varonis Systems stock. The shares were sold at an average price of $38.00, for a total value of $266,000.00.
  • On Friday, June 23rd, Yakov Faitelson sold 56,085 shares of Varonis Systems stock. The shares were sold at an average price of $37.04, for a total transaction of $2,077,388.40.

Varonis Systems, Inc. (NASDAQ VRNS) remained flat at $42.05 during trading on Wednesday. The company had a trading volume of 273,526 shares. Varonis Systems, Inc. has a 12 month low of $24.45 and a 12 month high of $42.45. The firm’s market capitalization is $1.16 billion. The stock’s 50 day moving average is $38.41 and its 200 day moving average is $35.18.

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

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Several brokerages recently weighed in on VRNS. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, August 10th. Needham & Company LLC raised their price target on shares of Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, August 14th. BidaskClub cut shares of Varonis Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $41.00) on shares of Varonis Systems in a research report on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price target (up previously from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $43.20.

Several large investors have recently bought and sold shares of VRNS. Teachers Advisors LLC grew its holdings in shares of Varonis Systems by 10.9% during the fourth quarter. Teachers Advisors LLC now owns 18,698 shares of the technology company’s stock valued at $501,000 after buying an additional 1,838 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Varonis Systems by 15.3% during the first quarter. Russell Investments Group Ltd. now owns 139,028 shares of the technology company’s stock valued at $4,421,000 after buying an additional 18,487 shares during the last quarter. Wells Fargo & Company MN lifted its position in Varonis Systems by 192.5% during the first quarter. Wells Fargo & Company MN now owns 64,150 shares of the technology company’s stock valued at $2,040,000 after purchasing an additional 42,222 shares during the period. First Trust Advisors LP bought a new position in Varonis Systems during the first quarter valued at approximately $6,936,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Varonis Systems during the first quarter valued at approximately $286,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

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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