Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 7,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $30.04, for a total transaction of $231,308.00. Following the completion of the transaction, the insider now owns 3,037,524 shares of the company’s stock, valued at $91,247,220.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, November 10th, Pitango Venture Capital Princi sold 58,443 shares of Varonis Systems stock. The shares were sold at an average price of $30.06, for a total transaction of $1,756,796.58.
  • 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 50 day moving average is $29.27 and its 200 day moving average is $26.58. Varonis Systems Inc. has a 1-year low of $13.25 and a 1-year high of $32.05. The stock’s market capitalization is $825.62 million.

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNS. 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 last quarter. Lebenthal Lisanti Capital Growth LLC acquired a new position in Varonis Systems during the second quarter valued at $364,000. EAM Investors LLC acquired a new position in Varonis Systems during the second quarter valued at $1,003,000. Jennison Associates LLC increased its position in Varonis Systems by 6.1% in the second quarter. Jennison Associates LLC now owns 1,667,302 shares of the company’s stock valued at $40,049,000 after buying an additional 95,439 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Varonis Systems during the second quarter valued at $1,023,000. Institutional investors and hedge funds own 43.56% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Thursday, October 6th. Imperial Capital reiterated an “outperform” rating and set a $35.00 target price on shares of Varonis Systems in a research report on Friday, September 9th. Brean Capital reiterated a “buy” rating on shares of Varonis Systems in a research report on Thursday, September 8th. Jefferies Group reiterated a “buy” rating and set a $36.00 target price (up from $34.00) on shares of Varonis Systems in a research report on Friday, November 4th. Finally, JMP Securities reiterated a “buy” rating on shares of Varonis Systems in a research report on Friday, November 4th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Buy” and a consensus target price of $31.33.

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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