Yakov Faitelson Sells 63,807 Shares of Varonis Systems Inc (VRNS) Stock

Varonis Systems Inc (NASDAQ:VRNS) CEO Yakov Faitelson sold 63,807 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $50.35, for a total transaction of $3,212,682.45. Following the transaction, the chief executive officer now directly owns 157,651 shares in the company, valued at $7,937,727.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, November 24th, Yakov Faitelson sold 9,417 shares of Varonis Systems stock. The shares were sold at an average price of $51.27, for a total transaction of $482,809.59.
  • On Tuesday, November 28th, Yakov Faitelson sold 46,569 shares of Varonis Systems stock. The shares were sold at an average price of $51.16, for a total transaction of $2,382,470.04.
  • On Thursday, October 12th, Yakov Faitelson sold 50,000 shares of Varonis Systems stock. The shares were sold at an average price of $44.57, for a total transaction of $2,228,500.00.
  • On Wednesday, September 20th, Yakov Faitelson sold 29,158 shares of Varonis Systems stock. The shares were sold at an average price of $42.05, for a total transaction of $1,226,093.90.
  • On Monday, September 18th, Yakov Faitelson sold 36,081 shares of Varonis Systems stock. The shares were sold at an average price of $40.51, for a total transaction of $1,461,641.31.
  • 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 transaction of $2,901,688.32.

Shares of Varonis Systems Inc (NASDAQ:VRNS) traded up $2.05 during midday trading on Friday, hitting $52.35. 426,775 shares of the stock were exchanged, 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 issued its earnings results on Thursday, November 2nd. The technology company reported $0.06 EPS for the quarter. The business had revenue of $53.60 million during the quarter, compared to analysts’ expectations of $50.53 million. Varonis Systems had a negative net margin of 6.18% and a negative return on equity of 15.71%. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. sell-side analysts anticipate that Varonis Systems Inc will post -0.53 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in Varonis Systems by 5.9% during the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after purchasing an additional 296 shares during the last quarter. NorthCoast Asset Management LLC increased its position in Varonis Systems by 1.1% during the second quarter. NorthCoast Asset Management LLC now owns 39,241 shares of the technology company’s stock worth $1,460,000 after purchasing an additional 426 shares during the last quarter. Legal & General Group Plc increased its position in Varonis Systems by 39.6% during the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,223 shares during the last quarter. Trexquant Investment LP increased its position in Varonis Systems by 10.2% during the second quarter. Trexquant Investment LP now owns 15,895 shares of the technology company’s stock worth $591,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Varonis Systems during the second quarter worth about $122,000. Hedge funds and other institutional investors own 84.42% of the company’s stock.

VRNS has been the topic of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective (up from $40.00) on shares of Varonis Systems in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, November 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 target price on shares of Varonis Systems in a research report on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and issued a $45.00 target price on shares of Varonis Systems in a research report on Thursday, September 7th. Finally, Needham & Company LLC increased their target price 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average 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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