Varonis Systems Inc. (NASDAQ:VRNS) insider Ohad Korkus sold 45,100 shares of Varonis Systems stock in a transaction on Monday, November 14th. The shares were sold at an average price of $31.01, for a total transaction of $1,398,551.00. Following the completion of the sale, the insider now directly owns 918,540 shares of the company’s stock, valued at approximately $28,483,925.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ohad Korkus also recently made the following trade(s):

  • On Monday, November 7th, Ohad Korkus sold 4,900 shares of Varonis Systems stock. The shares were sold at an average price of $31.36, for a total transaction of $153,664.00.
  • On Wednesday, August 24th, Ohad Korkus sold 26,220 shares of Varonis Systems stock. The shares were sold at an average price of $28.41, for a total transaction of $744,910.20.
  • On Monday, August 22nd, Ohad Korkus sold 34,568 shares of Varonis Systems stock. The shares were sold at an average price of $28.30, for a total transaction of $978,274.40.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) traded up 0.81% during midday trading on Thursday, reaching $30.95. The company had a trading volume of 242,608 shares. The company has a 50 day moving average of $29.32 and a 200 day moving average of $26.70. Varonis Systems Inc. has a 12-month low of $13.25 and a 12-month high of $32.05. The firm’s market capitalization is $825.65 billion.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Thursday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The company had revenue of $40.90 million for 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 quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.10) EPS. Analysts anticipate that Varonis Systems Inc. will post ($0.21) EPS for the current year.

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

VRNS has been the topic of a number of analyst reports. Needham & Company LLC raised 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. Jefferies Group lifted their price objective on shares of Varonis Systems from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Imperial Capital reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Varonis Systems in a report on Friday, September 9th. JMP Securities lifted their price objective on shares of Varonis Systems from $29.00 to $33.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised 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. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.33.

A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE acquired a new stake in shares of Varonis Systems during the third quarter valued at about $130,000. 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 valued at $138,000 after buying an additional 423 shares in the last quarter. BlackRock Advisors LLC boosted its position in Varonis Systems by 11.6% in the second quarter. BlackRock Advisors LLC now owns 5,967 shares of the company’s stock valued at $143,000 after buying an additional 620 shares in the last quarter. American International Group Inc. boosted its position in Varonis Systems by 17.4% in the second quarter. American International Group Inc. now owns 6,159 shares of the company’s stock valued at $148,000 after buying an additional 913 shares in the last quarter. Finally, Nationwide Fund Advisors boosted 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 in the last quarter. 43.56% of the stock is currently owned by institutional investors.

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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