Iv L.P. Evergreen Sells 50,022 Shares of Varonis Systems Inc. (VRNS) Stock
Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Iv L.P. Evergreen sold 50,022 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $31.10, for a total value of $1,555,684.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Iv L.P. Evergreen also recently made the following trade(s):
- On Thursday, August 18th, Iv L.P. Evergreen sold 17,238 shares of Varonis Systems stock. The shares were sold at an average price of $27.61, for a total value of $475,941.18.
Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.80 on Friday. The firm’s 50-day moving average price is $29.34 and its 200 day moving average price is $26.73. Varonis Systems Inc. has a 12 month low of $13.25 and a 12 month high of $32.05. The company’s market cap is $821.62 million.
Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Thursday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. The business had revenue of $40.90 million for the quarter, compared to analysts’ expectations of $38.60 million. Varonis Systems had a negative return on equity of 23.71% and a negative net margin of 12.09%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) EPS. Equities research analysts anticipate that Varonis Systems Inc. will post ($0.21) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE bought a new position in shares of Varonis Systems during the third quarter valued at $130,000. BlackRock Group LTD boosted its position in shares of 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 shares of 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 shares of 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 worth $168,000 after buying an additional 1,211 shares in the last quarter. Institutional investors and hedge funds own 43.56% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, October 6th. Imperial Capital reiterated an “outperform” rating and issued a $35.00 price target on shares of Varonis Systems in a report on Friday, September 9th. Brean Capital reiterated a “buy” rating on shares of Varonis Systems in a report on Thursday, September 8th. Jefferies Group reiterated a “buy” rating and issued a $36.00 price target (up from $34.00) on shares of Varonis Systems in a report on Friday, November 4th. Finally, JMP Securities reiterated a “buy” rating on shares of Varonis Systems in a report on Friday, November 4th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Varonis Systems currently has an average rating of “Buy” and a consensus 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.
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