Gili Iohan Sells 5,000 Shares of Varonis Systems Inc. (VRNS) Stock
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.
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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.
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