Varonis Systems Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 4,800 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $31.54, for a total value of $151,392.00. Following the transaction, the chief executive officer now directly owns 927,951 shares in the company, valued at approximately $29,267,574.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, August 24th, Yakov Faitelson sold 21,931 shares of Varonis Systems stock. The shares were sold at an average price of $28.38, for a total value of $622,401.78.
  • On Monday, August 22nd, Yakov Faitelson sold 34,387 shares of Varonis Systems stock. The shares were sold at an average price of $28.29, for a total value of $972,808.23.
  • On Monday, August 15th, Yakov Faitelson sold 41,156 shares of Varonis Systems stock. The shares were sold at an average price of $28.00, for a total value of $1,152,368.00.

Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.90 on Monday. The stock’s 50 day moving average price is $29.24 and its 200 day moving average price is $26.41. The company’s market capitalization is $824.29 million. Varonis Systems Inc. has a 12 month low of $13.25 and a 12 month high of $32.05.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. Varonis Systems had a negative return on equity of 23.71% and a negative net margin of 12.09%. The company earned $40.90 million during the quarter, compared to analyst estimates of $38.60 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Varonis Systems’s revenue was up 31.1% compared to the same quarter last year. Equities research analysts anticipate that Varonis Systems Inc. will post ($0.21) earnings per share for the current fiscal year.

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

A number of brokerages recently issued reports on VRNS. Imperial Capital reissued an “outperform” rating and set a $27.00 price objective on shares of Varonis Systems in a report on Monday, July 25th. Brean Capital reissued a “buy” rating on shares of Varonis Systems in a report on Thursday, September 8th. Zacks Investment Research cut Varonis Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. JMP Securities reissued a “buy” rating on shares of Varonis Systems in a report on Friday, November 4th. Finally, Jefferies Group reissued a “buy” rating and set a $36.00 price objective (up previously from $34.00) on shares of Varonis Systems in a report on Friday, November 4th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Varonis Systems presently has an average rating of “Buy” and a consensus price target of $31.33.

Several hedge funds have recently modified their holdings of the company. US Bancorp DE bought a new position in Varonis Systems during the third quarter valued at $130,000. BlackRock Group LTD increased its position in Varonis Systems by 10.1% in the third quarter. BlackRock Group LTD now owns 4,596 shares of the company’s stock valued at $138,000 after buying an additional 423 shares during the period. BlackRock Advisors LLC increased its position 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 period. American International Group Inc. increased its position 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 period. Finally, Nationwide Fund Advisors increased its position 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 period. 43.56% of the stock is owned by institutional investors.

About Varonis Systems

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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