Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 24,300 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $31.03, for a total transaction of $754,029.00. Following the completion of the transaction, the insider now owns 2,935,829 shares in the company, valued at $91,098,773.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 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 stock was sold at an average price of $30.04, for a total transaction 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 transaction of $1,756,796.58.
  • On Friday, November 11th, Pitango Venture Capital Princi sold 21,151 shares of Varonis Systems stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $30.11, for a total transaction of $301,370.99.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.70 on Thursday. The firm has a 50-day moving average of $29.32 and a 200 day moving average of $26.70. Varonis Systems Inc. has a 52 week low of $13.25 and a 52 week high of $32.05. The company’s market cap is $818.95 million.

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

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Thrax Management LLC raised its position 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. Jennison Associates LLC raised 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 in the last quarter. Strs Ohio raised its position 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. EAM Investors LLC purchased a new position in Varonis Systems during the second quarter valued at approximately $1,003,000. Finally, Lebenthal Lisanti Capital Growth LLC purchased a new position in Varonis Systems during the second quarter valued at approximately $364,000. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

VRNS has been the topic of a number of research reports. Needham & Company LLC upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, August 10th. Imperial Capital reiterated an “outperform” rating and set a $27.00 target price on shares of Varonis Systems in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, October 6th. 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, RBC Capital Markets reiterated an “outperform” rating and set a $32.00 target price (up 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 currently has a consensus rating of “Buy” and an average target price of $31.33.

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.

5 Day Chart for NASDAQ:VRNS

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