Varonis Systems Inc (NASDAQ:VRNS) EVP David Bass sold 42,416 shares of Varonis Systems stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $72.54, for a total transaction of $3,076,856.64. Following the transaction, the executive vice president now directly owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
VRNS traded down $2.53 during midday trading on Friday, hitting $70.23. The company had a trading volume of 191,799 shares, compared to its average volume of 448,905. The stock has a market capitalization of $2.12 billion, a PE ratio of -71.66 and a beta of 1.02. Varonis Systems Inc has a twelve month low of $48.67 and a twelve month high of $83.10.
Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.04). Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. The business had revenue of $56.40 million for the quarter, compared to analyst estimates of $59.36 million. During the same quarter in the prior year, the firm earned ($0.22) EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Varonis Systems Inc will post -1.75 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Varonis Systems by 33.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,630,173 shares of the technology company’s stock worth $192,659,000 after buying an additional 661,763 shares during the period. FMR LLC grew its position in shares of Varonis Systems by 81.3% during the 1st quarter. FMR LLC now owns 1,388,442 shares of the technology company’s stock worth $82,793,000 after buying an additional 622,639 shares during the period. Jackson Square Partners LLC grew its position in shares of Varonis Systems by 9.4% during the 1st quarter. Jackson Square Partners LLC now owns 1,386,551 shares of the technology company’s stock worth $82,680,000 after buying an additional 119,454 shares during the period. Soma Equity Partners LP acquired a new stake in shares of Varonis Systems during the 1st quarter worth approximately $35,778,000. Finally, Cadian Capital Management LP acquired a new stake in shares of Varonis Systems during the 1st quarter worth approximately $29,940,000. Institutional investors own 83.99% of the company’s stock.
Several equities analysts recently issued reports on VRNS shares. UBS Group lifted their price target on shares of Varonis Systems from $68.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. BidaskClub upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus cut shares of Varonis Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $75.00 to $52.00 in a research report on Tuesday, February 12th. Craig Hallum upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Finally, Robert W. Baird restated a “buy” rating and issued a $60.00 price objective (down previously from $75.00) on shares of Varonis Systems in a research report on Tuesday, February 12th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Varonis Systems has an average rating of “Buy” and a consensus price target of $71.52.
Varonis Systems Company Profile
Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.
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