Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 2,582 shares of the company’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $30.70, for a total value of $79,267.40. Following the completion of the transaction, the insider now directly owns 2,827,561 shares in the company, valued at approximately $86,806,122.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, November 23rd, Pitango Venture Capital Princi sold 79,764 shares of Varonis Systems stock. The shares were sold at an average price of $30.81, for a total value of $2,457,528.84.
  • 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 value 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 value 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 value of $231,308.00.
  • On Thursday, November 10th, Pitango Venture Capital Princi sold 58,443 shares of Varonis Systems stock. The shares were sold at an average price of $30.06, for a total value 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 value 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 value 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 value 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 value 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 value of $9,030.00.

Varonis Systems Inc. (NASDAQ:VRNS) opened at 30.50 on Tuesday. Varonis Systems Inc. has a 52-week low of $13.25 and a 52-week high of $32.05. The stock’s 50 day moving average price is $29.47 and its 200-day moving average price is $27.31. The company’s market cap is $813.62 million.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly 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. Varonis Systems had a negative return on equity of 23.71% and a negative net margin of 12.09%. The firm had revenue of $40.90 million for the quarter, compared to analyst estimates of $38.60 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. On average, equities analysts predict that Varonis Systems Inc. will post ($0.21) earnings per share for the current fiscal year.

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

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Institutional investors have recently made changes to their positions in the company. Credit Suisse AG increased its position in shares of 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 increased its position in shares of 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 bought a new position in shares of Varonis Systems during the third quarter worth approximately $231,000. The Manufacturers Life Insurance Company bought a new position in shares of Varonis Systems during the third quarter worth approximately $238,000. Finally, Two Sigma Advisers LP increased its position in shares of 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. Hedge funds and other institutional investors own 44.05% of the company’s stock.

Several equities analysts have commented on VRNS shares. Brean Capital reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Varonis Systems in a research report on Monday, August 8th. Royal Bank Of Canada upped their price objective on Varonis Systems from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 10th. Needham & Company LLC raised Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, August 10th. Jefferies Group upped their price objective on Varonis Systems from $26.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Finally, JMP Securities upped their price objective on Varonis Systems from $29.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average 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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