Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 79,764 shares of Varonis Systems stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $30.81, for a total transaction of $2,457,528.84. Following the transaction, the insider now owns 2,830,088 shares of the company’s stock, valued at $87,195,011.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Pitango Venture Capital Princi also recently made the following trade(s):

  • On Friday, November 25th, Pitango Venture Capital Princi sold 2,582 shares of Varonis Systems stock. The shares were sold at an average price of $30.70, for a total transaction of $79,267.40.
  • On Thursday, November 17th, Pitango Venture Capital Princi sold 28,263 shares of Varonis Systems stock. The shares were sold at an average price of $30.82, for a total transaction of $871,065.66.
  • On Monday, November 14th, Pitango Venture Capital Princi sold 24,300 shares of Varonis Systems stock. The shares were 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 shares were 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $30.10, for a total transaction of $9,030.00.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.50 on Tuesday. 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 $813.62 million. The stock’s 50 day moving average is $29.47 and its 200-day moving average is $27.31.

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

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

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A number of large investors have recently bought and sold shares of VRNS. Credit Suisse AG boosted its stake in Varonis Systems by 97.2% in the third quarter. Credit Suisse AG now owns 75,089 shares of the company’s stock worth $2,260,000 after buying an additional 37,014 shares during the last quarter. Bamco Inc. NY boosted its stake in Varonis Systems by 105.9% in the third quarter. Bamco Inc. NY now owns 31,500 shares of the company’s stock worth $948,000 after buying an additional 16,200 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Varonis Systems during the third quarter worth approximately $231,000. The Manufacturers Life Insurance Company purchased a new stake in Varonis Systems during the third quarter worth approximately $238,000. Finally, Two Sigma Advisers LP boosted its stake in Varonis Systems by 361.8% in the third quarter. Two Sigma Advisers LP now owns 113,600 shares of the company’s stock worth $3,419,000 after buying an additional 89,000 shares during the last quarter. 44.05% of the stock is owned by institutional investors.

VRNS has been the subject of a number of recent analyst reports. 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 report on Wednesday, August 10th. Jefferies Group boosted 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 restated an “outperform” rating and issued a $35.00 price objective on shares of Varonis Systems in a report on Friday, September 9th. JMP Securities boosted 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 target price for the company in a research report on Thursday, October 6th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.33.

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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