Insider Selling: Varonis Systems Inc. (VRNS) CEO Sells 45,200 Shares of Stock
Varonis Systems Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 45,200 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $31.03, for a total value of $1,402,556.00. Following the sale, the chief executive officer now directly owns 903,427 shares in the company, valued at $28,033,339.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Yakov Faitelson also recently made the following trade(s):
- On Monday, November 7th, Yakov Faitelson sold 4,800 shares of Varonis Systems stock. The stock was sold at an average price of $31.54, for a total value of $151,392.00.
- On Wednesday, August 24th, Yakov Faitelson sold 21,931 shares of Varonis Systems stock. The stock was 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 stock was sold at an average price of $28.29, for a total value of $972,808.23.
Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.85 on Wednesday. Varonis Systems Inc. has a 12 month low of $13.25 and a 12 month high of $32.05. The company’s 50-day moving average price is $29.30 and its 200-day moving average price is $26.67. The stock’s market cap is $822.95 million.
Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. The firm earned $40.90 million during the quarter, compared to the consensus estimate of $38.60 million. Varonis Systems had a negative return on equity of 23.71% and a negative net margin of 12.09%. The firm’s revenue 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. Equities analysts forecast that Varonis Systems Inc. will post ($0.21) earnings per share for the current year.
Several analysts recently commented on VRNS shares. Brean Capital reaffirmed a “buy” rating and set a $35.00 target price on shares of Varonis Systems in a report on Monday, August 8th. Jefferies Group raised their price objective on 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 raised 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 raised 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 reissued a “buy” rating 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 given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $31.33.
Hedge funds have recently bought and sold shares of the stock. Thrax Management LLC increased its stake in Varonis Systems by 51.4% in the first quarter. Thrax Management LLC now owns 312,753 shares of the company’s stock valued at $5,708,000 after buying an additional 106,220 shares in the last quarter. Gofen & Glossberg LLC IL bought a new stake in Varonis Systems during the second quarter valued at approximately $213,000. Strs Ohio increased its stake in Varonis Systems by 70.2% in the second quarter. Strs Ohio now owns 21,100 shares of the company’s stock valued at $506,000 after buying an additional 8,700 shares in the last quarter. American Century Companies Inc. bought a new stake in Varonis Systems during the second quarter valued at approximately $682,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in Varonis Systems during the second quarter valued at approximately $1,172,000. 43.56% of the stock is owned by hedge funds and other 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.
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