Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 6,793 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $30.45, for a total value of $206,846.85. Following the completion of the transaction, the insider now directly owns 3,078,341 shares in the company, valued at $93,735,483.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Pitango Venture Capital Princi also recently made the following trade(s):

  • On Monday, October 3rd, Pitango Venture Capital Princi sold 5,375 shares of Varonis Systems stock. The shares were sold at an average price of $30.17, for a total transaction of $162,163.75.
  • On Thursday, September 29th, Pitango Venture Capital Princi sold 300 shares of Varonis Systems stock. The shares were sold at an average price of $30.10, for a total transaction of $9,030.00.
  • On Wednesday, September 28th, Pitango Venture Capital Princi sold 12,000 shares of Varonis Systems stock. The shares were sold at an average price of $30.05, for a total transaction of $360,600.00.
  • On Thursday, September 22nd, Pitango Venture Capital Princi sold 20,000 shares of Varonis Systems stock. The shares were sold at an average price of $30.21, for a total transaction of $604,200.00.
  • On Friday, September 23rd, Pitango Venture Capital Princi sold 10,009 shares of Varonis Systems stock. The shares were sold at an average price of $30.11, for a total transaction of $301,370.99.
  • On Thursday, September 8th, Pitango Venture Capital Princi sold 5,000 shares of Varonis Systems stock. The shares were 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 29.12 on Wednesday. Varonis Systems Inc. has a 52 week low of $13.25 and a 52 week high of $30.90. The stock’s market cap is $768.45 million. The firm has a 50-day moving average price of $29.55 and a 200-day moving average price of $24.82.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. Varonis Systems had a negative net margin of 13.27% and a negative return on equity of 24.20%. The business earned $38.60 million during the quarter, compared to the consensus estimate of $36.60 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 32.2% compared to the same quarter last year. On average, equities analysts anticipate that Varonis Systems Inc. will post ($0.34) earnings per share for the current year.

Insider Buying and Selling by Quarter for Varonis Systems (NASDAQ:VRNS)

Several large investors have recently bought and sold shares of the company. BlackRock Advisors LLC increased its stake in Varonis Systems by 11.6% in the second quarter. BlackRock Advisors LLC now owns 5,967 shares of the company’s stock valued at $143,000 after buying an additional 620 shares during the last quarter. American International Group Inc. increased its stake in Varonis Systems by 17.4% in the second quarter. American International Group Inc. now owns 6,159 shares of the company’s stock valued at $148,000 after buying an additional 913 shares during the last quarter. Nationwide Fund Advisors increased its stake in Varonis Systems by 21.0% in the second quarter. Nationwide Fund Advisors now owns 6,986 shares of the company’s stock valued at $168,000 after buying an additional 1,211 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Varonis Systems during the second quarter valued at approximately $178,000. Finally, Gofen & Glossberg LLC IL bought a new stake in Varonis Systems during the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 41.00% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Imperial Capital reiterated an “outperform” rating and set a $27.00 target price on shares of Varonis Systems in a research note on Monday, July 25th. Brean Capital reiterated a “buy” rating on shares of Varonis Systems in a research note on Thursday, September 8th. Zacks Investment Research lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Jefferies Group reiterated a “buy” rating on shares of Varonis Systems in a research note on Tuesday, July 5th. Finally, Barclays PLC boosted their target price on shares of Varonis Systems from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, July 15th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.00.

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.

5 Day Chart for NASDAQ:VRNS

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