Varonis Systems Inc. (NASDAQ:VRNS) insider Ohad Korkus sold 4,900 shares of Varonis Systems stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $31.36, for a total transaction of $153,664.00. Following the completion of the sale, the insider now owns 948,208 shares of the company’s stock, valued at $29,735,802.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ohad Korkus also recently made the following trade(s):

  • On Wednesday, August 24th, Ohad Korkus sold 26,220 shares of Varonis Systems stock. The shares were sold at an average price of $28.41, for a total transaction of $744,910.20.
  • On Monday, August 22nd, Ohad Korkus sold 34,568 shares of Varonis Systems stock. The shares were sold at an average price of $28.30, for a total transaction of $978,274.40.
  • On Monday, August 15th, Ohad Korkus sold 37,261 shares of Varonis Systems stock. The shares were sold at an average price of $28.00, for a total transaction of $1,043,308.00.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.90 on Monday. The firm has a 50-day moving average of $29.24 and a 200 day moving average of $26.41. The company’s market cap is $824.29 million. Varonis Systems Inc. has a one year low of $13.25 and a one year high of $32.05.

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

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

VRNS has been the topic of a number of recent analyst reports. Needham & Company LLC raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, August 10th. Imperial Capital reissued an “outperform” rating and issued a $27.00 price target on shares of Varonis Systems in a research report on Monday, July 25th. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, October 6th. Jefferies Group reissued a “buy” rating and issued a $36.00 price target (up previously from $34.00) on shares of Varonis Systems in a research report on Friday, November 4th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $32.00 price target (up previously from $27.00) on shares of Varonis Systems in a research report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.33.

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Varonis Systems by 0.4% in the third quarter. California State Teachers Retirement System now owns 22,534 shares of the company’s stock valued at $678,000 after buying an additional 100 shares in the last quarter. Rhumbline Advisers increased its stake in Varonis Systems by 1.1% in the third quarter. Rhumbline Advisers now owns 10,061 shares of the company’s stock valued at $303,000 after buying an additional 110 shares during the last quarter. BlackRock Group LTD increased its stake 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 last quarter. BlackRock Advisors LLC increased its stake in Varonis Systems by 8.0% in the third quarter. BlackRock Advisors LLC now owns 6,443 shares of the company’s stock valued at $194,000 after buying an additional 476 shares during the last quarter. Finally, Strs Ohio increased its stake in Varonis Systems by 2.8% in the third quarter. Strs Ohio now owns 21,700 shares of the company’s stock valued at $653,000 after buying an additional 600 shares during the last quarter. 43.56% of the stock is owned by institutional investors.

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

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.