Varonis Systems Inc. (NASDAQ:VRNS) CFO Gili Iohan sold 5,000 shares of Varonis Systems stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $30.72, for a total transaction of $153,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Varonis Systems Inc. (NASDAQ:VRNS) traded down 1.80% on Tuesday, reaching $29.95. 546,931 shares of the company were exchanged. The stock’s market capitalization is $798.95 million. Varonis Systems Inc. has a 52 week low of $13.25 and a 52 week high of $32.05. The stock has a 50-day moving average price of $29.47 and a 200 day moving average price of $27.31.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. The company had revenue of $40.90 million for the quarter, compared to analyst estimates of $38.60 million. Varonis Systems had a negative net margin of 12.09% and a negative return on equity of 23.71%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) EPS. Analysts forecast 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)

COPYRIGHT VIOLATION NOTICE: “Gili Iohan Sells 5,000 Shares of Varonis Systems Inc. (VRNS) Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be read at https://www.thecerbatgem.com/2016/11/29/gili-iohan-sells-5000-shares-of-varonis-systems-inc-vrns-stock.html.

Several brokerages recently issued reports on VRNS. RBC Capital Markets reissued an “outperform” rating and set a $32.00 price objective (up from $27.00) on shares of Varonis Systems in a report on Thursday, August 11th. JMP Securities reaffirmed a “buy” rating on shares of Varonis Systems in a report on Friday, November 4th. Jefferies Group lifted their price target 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 lifted their price target on shares of Varonis Systems from $27.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Varonis Systems from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, August 10th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.33.

A number of large investors have recently added to or reduced their stakes in VRNS. US Bancorp DE acquired a new stake in Varonis Systems during the third quarter worth about $130,000. BlackRock Group LTD raised its stake in Varonis Systems by 10.1% in the third quarter. BlackRock Group LTD now owns 4,596 shares of the company’s stock worth $138,000 after buying an additional 423 shares during the period. BlackRock Advisors LLC raised its stake in Varonis Systems by 11.6% in the second quarter. BlackRock Advisors LLC now owns 5,967 shares of the company’s stock worth $143,000 after buying an additional 620 shares during the period. American International Group Inc. raised its stake in Varonis Systems by 17.4% in the second quarter. American International Group Inc. now owns 6,159 shares of the company’s stock worth $148,000 after buying an additional 913 shares during the period. Finally, Nationwide Fund Advisors raised its stake 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 during the period. Institutional investors own 44.05% of the company’s stock.

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

Receive News & Stock Ratings for Varonis Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems Inc. and related stocks with our FREE daily email newsletter.