Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi Sells 10,009 Shares
Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 10,009 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $30.11, for a total transaction of $301,370.99. Following the transaction, the insider now directly owns 3,109,993 shares of the company’s stock, valued at approximately $93,641,889.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Pitango Venture Capital Princi also recently made the following trade(s):
- On Thursday, September 22nd, Pitango Venture Capital Princi sold 20,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.21, for a total transaction of $604,200.00.
- On Thursday, September 8th, Pitango Venture Capital Princi sold 5,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.07, for a total transaction of $150,350.00.
Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.01 on Wednesday. Varonis Systems Inc. has a 12-month low of $13.25 and a 12-month high of $30.63. The firm’s market capitalization is $791.93 million. The company has a 50-day moving average of $28.88 and a 200 day moving average of $24.01.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $38.60 million for the quarter, compared to the consensus estimate of $36.60 million. Varonis Systems had a negative net margin of 13.27% and a negative return on equity of 24.20%. Varonis Systems’s quarterly revenue was up 32.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) earnings per share. On average, analysts predict that Varonis Systems Inc. will post ($0.34) EPS for the current year.
Several large investors have recently made changes to their positions in VRNS. Emerald Acquisition Ltd. bought a new stake in shares of Varonis Systems during the second quarter valued at about $1,023,000. Swiss National Bank increased its stake in Varonis Systems by 24.8% in the second quarter. Swiss National Bank now owns 21,118 shares of the company’s stock worth $507,000 after buying an additional 4,200 shares in the last quarter. California State Teachers Retirement System increased its stake in Varonis Systems by 16.6% in the second quarter. California State Teachers Retirement System now owns 22,434 shares of the company’s stock worth $539,000 after buying an additional 3,196 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Varonis Systems by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 52,692 shares of the company’s stock worth $1,265,000 after buying an additional 1,164 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Varonis Systems during the second quarter worth $1,172,000. Institutional investors and hedge funds own 41.00% of the company’s stock.
Several research firms have issued reports on VRNS. Brean Capital reiterated a “buy” rating on shares of Varonis Systems in a research note on Thursday, September 8th. Imperial Capital reiterated an “outperform” rating and set a $35.00 price objective on shares of Varonis Systems in a research note on Friday, September 9th. RBC Capital Markets reiterated an “outperform” rating and set a $32.00 price objective (up from $27.00) on shares of Varonis Systems in a research note on Thursday, August 11th. Needham & Company LLC upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, August 10th. Finally, JMP Securities boosted their price objective on shares of Varonis Systems from $29.00 to $33.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.08.
Varonis Systems Company Profile
Varonis Systems, Inc (Varonis) provides a software platform that allows enterprises to analyze, secure, manage and utilize their unstructured data. The Company specializes in human-generated data, a type of unstructured data that includes an enterprise’s spreadsheets, word processing documents, presentations, audio files, video files, e-mails, text messages and any other data created by employees.
Receive News & Stock Ratings for Varonis Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems Inc. and related stocks with our FREE daily email newsletter.