Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 58,443 shares of Varonis Systems stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $30.06, for a total transaction of $1,756,796.58. Following the transaction, the insider now directly owns 2,980,318 shares in the company, valued at approximately $89,588,359.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 Wednesday, November 9th, Pitango Venture Capital Princi sold 7,700 shares of Varonis Systems stock. The shares were sold at an average price of $30.04, for a total transaction of $231,308.00.
  • On Friday, November 11th, Pitango Venture Capital Princi sold 21,151 shares of Varonis Systems stock. The shares were sold at an average price of $31.04, for a total transaction of $656,527.04.
  • On Monday, November 7th, Pitango Venture Capital Princi sold 34,000 shares of Varonis Systems stock. The shares were sold at an average price of $30.52, for a total transaction of $1,037,680.00.
  • On Monday, October 10th, Pitango Venture Capital Princi sold 6,793 shares of Varonis Systems stock. The shares were sold at an average price of $30.45, for a total transaction of $206,846.85.
  • 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.

Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.95 on Tuesday. The firm’s market capitalization is $825.62 million. The firm has a 50 day moving average of $29.27 and a 200 day moving average of $26.58. Varonis Systems Inc. has a 12-month low of $13.25 and a 12-month high of $32.05.

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

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

A number of research analysts have weighed in on VRNS shares. Brean Capital reaffirmed a “buy” rating and issued a $35.00 price target on shares of Varonis Systems in a research note on Monday, August 8th. Jefferies Group lifted their price objective on shares of Varonis Systems from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Needham & Company LLC upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, October 6th. Finally, JMP Securities reiterated a “buy” rating on shares of Varonis Systems in a report on Friday, November 4th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.33.

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Varonis Systems by 0.4% in the third quarter. California State Teachers Retirement System now owns 22,534 shares of the company’s stock worth $678,000 after buying an additional 100 shares during the last quarter. Rhumbline Advisers boosted its position in Varonis Systems by 1.1% in the third quarter. Rhumbline Advisers now owns 10,061 shares of the company’s stock worth $303,000 after buying an additional 110 shares during the last quarter. BlackRock Group LTD boosted 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 worth $138,000 after buying an additional 423 shares during the last quarter. BlackRock Advisors LLC boosted its position in Varonis Systems by 8.0% in the third quarter. BlackRock Advisors LLC now owns 6,443 shares of the company’s stock worth $194,000 after buying an additional 476 shares during the last quarter. Finally, Strs Ohio boosted its position in Varonis Systems by 2.8% in the third quarter. Strs Ohio now owns 21,700 shares of the company’s stock worth $653,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.

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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