Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed sold 605 shares of Varonis Systems stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.65, for a total value of $26,408.25. Following the sale, the chief financial officer now directly owns 95,491 shares in the company, valued at approximately $4,168,182.15. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Friday, November 3rd, Guy Melamed sold 5,355 shares of Varonis Systems stock. The stock was sold at an average price of $48.00, for a total value of $257,040.00.
  • On Thursday, September 21st, Guy Melamed sold 8,491 shares of Varonis Systems stock. The stock was sold at an average price of $42.50, for a total value of $360,867.50.
  • On Tuesday, September 5th, Guy Melamed sold 1,150 shares of Varonis Systems stock. The stock was sold at an average price of $38.35, for a total value of $44,102.50.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The company had revenue of $53.60 million for the quarter, compared to analyst estimates of $50.53 million. Varonis Systems had a negative return on equity of 19.29% and a negative net margin of 7.91%. The business’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. research analysts predict that Varonis Systems, Inc. will post -0.58 EPS for the current fiscal year.

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Several brokerages recently commented on VRNS. Jefferies Group LLC boosted their price target on Varonis Systems from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating on shares of Varonis Systems in a research note on Friday. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, August 10th. BidaskClub lowered Varonis Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. 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 note on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.90.

A number of institutional investors have recently bought and sold shares of VRNS. American International Group Inc. boosted 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 purchasing an additional 437 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Varonis Systems by 11.7% in the first quarter. TIAA CREF Investment Management LLC now owns 62,246 shares of the technology company’s stock worth $1,979,000 after purchasing an additional 6,524 shares in the last quarter. Vanguard Group Inc. boosted its stake in Varonis Systems by 30.4% in the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock worth $23,670,000 after purchasing an additional 173,332 shares in the last quarter. Geode Capital Management LLC boosted its stake in Varonis Systems by 4.9% in the first quarter. Geode Capital Management LLC now owns 137,106 shares of the technology company’s stock worth $4,359,000 after purchasing an additional 6,434 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Varonis Systems in the first quarter worth $340,000. 82.15% 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, 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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