Varonis Systems Inc (NASDAQ:VRNS) insider Ohad Korkus sold 48,024 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $50.26, for a total value of $2,413,686.24. Following the transaction, the insider now directly owns 31,872 shares in the company, valued at $1,601,886.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ohad Korkus also recently made the following trade(s):

  • On Friday, November 24th, Ohad Korkus sold 9,277 shares of Varonis Systems stock. The shares were sold at an average price of $51.28, for a total value of $475,724.56.
  • On Tuesday, November 28th, Ohad Korkus sold 45,763 shares of Varonis Systems stock. The shares were sold at an average price of $51.16, for a total value of $2,341,235.08.
  • On Monday, September 18th, Ohad Korkus sold 53,010 shares of Varonis Systems stock. The shares were sold at an average price of $40.17, for a total value of $2,129,411.70.
  • On Tuesday, September 19th, Ohad Korkus sold 98,331 shares of Varonis Systems stock. The shares were sold at an average price of $40.68, for a total value of $4,000,105.08.
  • On Friday, September 15th, Ohad Korkus sold 21,990 shares of Varonis Systems stock. The shares were sold at an average price of $40.01, for a total value of $879,819.90.

Varonis Systems Inc (NASDAQ VRNS) traded up $2.05 during trading hours on Friday, reaching $52.35. The company had a trading volume of 426,775 shares, compared to its average volume of 295,216. Varonis Systems Inc has a 1 year low of $24.75 and a 1 year high of $53.60.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. The firm 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 15.71% and a negative net margin of 6.18%. Varonis Systems’s revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) earnings per share. analysts anticipate that Varonis Systems Inc will post -0.53 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in shares of Varonis Systems by 64.0% in the 3rd quarter. GSA Capital Partners LLP now owns 10,118 shares of the technology company’s stock valued at $424,000 after purchasing an additional 3,950 shares during the period. Coe Capital Management LLC acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $890,000. Insight Capital Research & Management Inc. acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $1,305,000. Cubist Systematic Strategies LLC acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $304,000. Finally, Jane Street Group LLC acquired a new position in shares of Varonis Systems in the 3rd quarter valued at $1,267,000. 84.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on VRNS shares. Stifel Nicolaus reissued a “buy” rating and set a $48.00 price target (up from $44.00) on shares of Varonis Systems in a report on Monday, September 11th. Barclays lifted their target price on Varonis Systems from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Jefferies Group reaffirmed a “buy” rating and set a $45.00 target price (up from $41.00) on shares of Varonis Systems in a report on Friday, August 4th. Zacks Investment Research lowered Varonis Systems from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $46.00 target price (up from $39.00) on shares of Varonis Systems in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.90.

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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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