Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 21,151 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $31.04, for a total value of $656,527.04. Following the transaction, the insider now owns 2,959,615 shares of the company’s stock, valued at $91,866,449.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major 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 Monday, November 14th, Pitango Venture Capital Princi sold 24,300 shares of Varonis Systems stock. The stock was sold at an average price of $31.03, for a total value of $754,029.00.
  • On Wednesday, November 9th, Pitango Venture Capital Princi sold 7,700 shares of Varonis Systems stock. The stock was sold at an average price of $30.04, for a total value of $231,308.00.
  • On Thursday, November 10th, Pitango Venture Capital Princi sold 58,443 shares of Varonis Systems stock. The stock was sold at an average price of $30.06, for a total value of $1,756,796.58.
  • On Monday, November 7th, Pitango Venture Capital Princi sold 34,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.52, for a total value of $1,037,680.00.
  • On Monday, October 10th, Pitango Venture Capital Princi sold 6,793 shares of Varonis Systems stock. The stock was sold at an average price of $30.45, for a total value of $206,846.85.
  • On Monday, October 3rd, Pitango Venture Capital Princi sold 5,375 shares of Varonis Systems stock. The stock was sold at an average price of $30.17, for a total value of $162,163.75.
  • On Thursday, September 29th, Pitango Venture Capital Princi sold 300 shares of Varonis Systems stock. The stock was sold at an average price of $30.10, for a total value of $9,030.00.
  • On Wednesday, September 28th, Pitango Venture Capital Princi sold 12,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.05, for a total value of $360,600.00.
  • On Thursday, September 22nd, Pitango Venture Capital Princi sold 20,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.21, for a total value of $604,200.00.
  • On Friday, September 23rd, Pitango Venture Capital Princi sold 10,009 shares of Varonis Systems stock. The stock was sold at an average price of $30.11, for a total value of $301,370.99.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.85 on Wednesday. The firm has a 50-day moving average price of $29.30 and a 200-day moving average price of $26.67. The stock’s market cap is $822.95 million. Varonis Systems Inc. has a 1-year low of $13.25 and a 1-year high of $32.05.

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 Zacks’ 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 business earned $40.90 million during the quarter, compared to analysts’ expectations of $38.60 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The business’s revenue was up 31.1% compared to the same quarter last year. Equities analysts forecast that Varonis Systems Inc. will post ($0.21) EPS for the current year.

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

Hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of 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 purchased a new stake in shares of Varonis Systems during the second quarter valued at approximately $364,000. EAM Investors LLC purchased a new stake in shares of Varonis Systems during the second quarter valued at approximately $1,003,000. Jennison Associates LLC boosted its stake in shares of 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. purchased a new stake in shares of Varonis Systems during the second quarter valued at approximately $1,023,000. Hedge funds and other institutional investors own 43.56% of the company’s stock.

A number of analysts recently issued reports on VRNS shares. Needham & Company LLC upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, August 10th. Jefferies Group raised their price target on Varonis Systems from $26.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Imperial Capital restated an “outperform” rating and issued a $35.00 price target on shares of Varonis Systems in a research report on Friday, September 9th. JMP Securities raised their price target on Varonis Systems from $29.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Thursday, October 6th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently 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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