Varonis Systems Inc (NASDAQ:VRNS) insider Ohad Korkus sold 7,065 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $32.00, for a total value of $226,080.00. Following the completion of the sale, the insider now owns 603,108 shares in the company, valued at $19,299,456. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ohad Korkus also recently made the following trade(s):

  • On Tuesday, May 2nd, Ohad Korkus sold 61,226 shares of Varonis Systems stock. The shares were sold at an average price of $32.02, for a total value of $1,960,456.52.
  • On Monday, May 1st, Ohad Korkus sold 31,219 shares of Varonis Systems stock. The shares were sold at an average price of $32.00, for a total value of $999,008.00.
  • On Wednesday, May 3rd, Ohad Korkus sold 97,844 shares of Varonis Systems stock. The shares were sold at an average price of $32.01, for a total value of $3,131,986.44.
  • On Monday, April 3rd, Ohad Korkus sold 3,800 shares of Varonis Systems stock. The shares were sold at an average price of $32.00, for a total value of $121,600.00.
  • On Friday, March 24th, Ohad Korkus sold 56,263 shares of Varonis Systems stock. The shares were sold at an average price of $31.00, for a total value of $1,744,153.00.
  • On Wednesday, February 8th, Ohad Korkus sold 200 shares of Varonis Systems stock. The shares were sold at an average price of $31.10, for a total value of $6,220.00.

Varonis Systems Inc (NASDAQ:VRNS) traded up 0.913% during midday trading on Friday, hitting $35.925. 4,432 shares of the stock were exchanged. The firm’s 50-day moving average is $32.47 and its 200 day moving average is $29.50. The stock’s market cap is $977.73 million. Varonis Systems Inc has a 52 week low of $21.54 and a 52 week high of $36.95.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.07. Varonis Systems had a negative net margin of 10.77% and a negative return on equity of 22.63%. The firm had revenue of $40.40 million for the quarter, compared to analyst estimates of $37.45 million. During the same quarter in the previous year, the firm posted ($0.29) earnings per share. The business’s revenue was up 32.5% on a year-over-year basis. Equities research analysts expect that Varonis Systems Inc will post $0.00 EPS for the current fiscal year.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in VRNS. Jennison Associates LLC raised its position in shares of Varonis Systems by 6.1% in the first quarter. Jennison Associates LLC now owns 1,971,574 shares of the technology company’s stock worth $62,696,000 after buying an additional 112,573 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Varonis Systems by 30.4% in the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock worth $23,670,000 after buying an additional 173,332 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Varonis Systems by 35.1% in the first quarter. Emerald Advisers Inc. PA now owns 724,245 shares of the technology company’s stock worth $23,031,000 after buying an additional 188,249 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Varonis Systems by 14,598.8% in the first quarter. Penserra Capital Management LLC now owns 559,142 shares of the technology company’s stock worth $17,780,000 after buying an additional 555,338 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Varonis Systems by 37.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 553,215 shares of the technology company’s stock worth $17,592,000 after buying an additional 150,660 shares during the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the company. Barclays PLC reaffirmed a “hold” rating and set a $37.00 price objective on shares of Varonis Systems in a report on Sunday, May 7th. Stifel Nicolaus raised their price target on Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price target (up previously from $39.00) on shares of Varonis Systems in a report on Friday, May 5th. Needham & Company LLC assumed coverage on Varonis Systems in a report on Monday, May 1st. They set a “buy” rating and a $38.00 price target on the stock. Finally, Benchmark Co. began coverage on Varonis Systems in a report on Thursday, April 27th. They set a “buy” rating and a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Varonis Systems presently has a consensus rating of “Buy” and an average price target of $37.55.

About Varonis Systems

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

5 Day Chart for NASDAQ:VRNS

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