Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 9,990 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $30.57, for a total transaction of $305,394.30. Following the completion of the transaction, the insider now owns 2,817,783 shares of the company’s stock, valued at $86,139,626.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 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 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 transaction 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 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 shares were 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.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) opened at 29.95 on Wednesday. The company has a 50 day moving average of $29.47 and a 200-day moving average of $27.31. The firm’s market cap is $798.95 million. Varonis Systems Inc. has a 12-month low of $13.25 and a 12-month high of $32.05.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. The business had revenue of $40.90 million for the quarter, compared to the consensus estimate 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 quarter last year, the company posted ($0.10) earnings per share. Equities research analysts forecast that Varonis Systems Inc. will post ($0.21) EPS for the current fiscal year.

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

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A number of research analysts have commented on VRNS shares. Brean Capital reiterated a “buy” rating on shares of Varonis Systems in a research note on Thursday, September 8th. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, October 6th. Jefferies Group increased their price objective on shares of Varonis Systems from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Needham & Company LLC raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, August 10th. Finally, JMP Securities reissued a “buy” rating on shares of Varonis Systems in a report on Friday, November 4th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Varonis Systems has an average rating of “Buy” and a consensus price target of $31.33.

Large investors have recently made changes to their positions in the company. US Bancorp DE bought a new stake in shares of Varonis Systems during the third quarter valued at about $130,000. BlackRock Group LTD increased its stake in shares of Varonis Systems by 10.1% in the third quarter. BlackRock Group LTD now owns 4,596 shares of the company’s stock valued at $138,000 after buying an additional 423 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Varonis Systems by 11.6% in the second quarter. BlackRock Advisors LLC now owns 5,967 shares of the company’s stock valued at $143,000 after buying an additional 620 shares during the last quarter. American International Group Inc. increased its stake in shares of Varonis Systems by 17.4% in the second quarter. American International Group Inc. now owns 6,159 shares of the company’s stock valued at $148,000 after buying an additional 913 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Varonis Systems by 21.0% in the second quarter. Nationwide Fund Advisors now owns 6,986 shares of the company’s stock valued at $168,000 after buying an additional 1,211 shares during the last quarter. Institutional investors and hedge funds 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

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