Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 28,263 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $30.82, for a total transaction of $871,065.66. Following the sale, the insider now owns 2,908,164 shares of the company’s stock, valued at approximately $89,629,614.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 transaction 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 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $30.21, for a total transaction of $604,200.00.

Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.90 on Tuesday. The stock’s 50 day moving average is $29.40 and its 200 day moving average is $26.99. Varonis Systems Inc. has a 52 week low of $13.25 and a 52 week high of $32.05. The company’s market capitalization is $824.29 million.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Thursday, November 3rd. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. The company earned $40.90 million during the quarter, compared to analysts’ expectations of $38.60 million. Varonis Systems had a negative net margin of 12.09% and a negative return on equity of 23.71%. Varonis Systems’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company posted ($0.10) earnings per share. On average, equities research analysts expect that Varonis Systems Inc. will post ($0.21) earnings per share for the current year.

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

A number of research analysts recently weighed in on VRNS shares. Zacks Investment Research lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th. Imperial Capital reiterated an “outperform” rating and issued a $35.00 price objective on shares of Varonis Systems in a research note on Friday, September 9th. JMP Securities lifted their price objective on shares of Varonis Systems from $29.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 10th. Needham & Company LLC upgraded shares of 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 Wednesday, August 10th. Finally, Brean Capital restated a “buy” rating on shares of Varonis Systems in a research report on Thursday, September 8th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Varonis Systems presently has an average rating of “Buy” and a consensus price target of $31.33.

A number of institutional investors have recently bought and sold shares of the stock. Thrax Management LLC boosted 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 during the last quarter. Gofen & Glossberg LLC IL bought a new position in Varonis Systems during the second quarter valued at $213,000. Strs Ohio boosted 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 during the last quarter. American Century Companies Inc. bought a new position in Varonis Systems during the second quarter valued at $682,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in Varonis Systems during the second quarter valued at $1,172,000. 41.76% of the stock is owned by 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.

5 Day Chart for NASDAQ:VRNS

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