Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed sold 5,355 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $48.00, for a total transaction of $257,040.00. Following the transaction, the chief financial officer now directly owns 95,491 shares of the company’s stock, valued at $4,583,568. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, November 1st, Guy Melamed sold 605 shares of Varonis Systems stock. The shares were sold at an average price of $43.65, for a total transaction of $26,408.25.
  • On Thursday, September 21st, Guy Melamed sold 8,491 shares of Varonis Systems stock. The shares were sold at an average price of $42.50, for a total transaction of $360,867.50.
  • On Tuesday, September 5th, Guy Melamed sold 1,150 shares of Varonis Systems stock. The shares were sold at an average price of $38.35, for a total transaction of $44,102.50.

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

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A number of hedge funds have recently added to or reduced their stakes in VRNS. Oppenheimer Asset Management Inc. bought a new position in Varonis Systems in the second quarter worth about $122,000. Fortaleza Asset Management Inc. bought a new position in shares of Varonis Systems during the second quarter valued at approximately $151,000. Legal & General Group Plc increased its stake in shares of Varonis Systems by 39.6% during the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,223 shares in the last quarter. Adams Street Partners LLC bought a new position in shares of Varonis Systems during the second quarter valued at approximately $163,000. Finally, Van ECK Associates Corp increased its stake in shares of Varonis Systems by 5.9% during the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after purchasing an additional 296 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Several brokerages have recently commented on VRNS. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price objective (up from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Varonis Systems in a research note on Thursday, September 7th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $45.00 price objective on shares of Varonis Systems in a research note on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.90.

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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