Varonis Systems, Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 915 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $37.00, for a total value of $33,855.00. Following the transaction, the chief executive officer now owns 434,489 shares in the company, valued at $16,076,093. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Yakov Faitelson also recently made the following trade(s):

  • On Thursday, May 4th, Yakov Faitelson sold 8,657 shares of Varonis Systems stock. The shares were sold at an average price of $32.01, for a total value of $277,110.57.
  • On Tuesday, May 2nd, Yakov Faitelson sold 50,818 shares of Varonis Systems stock. The shares were sold at an average price of $32.03, for a total value of $1,627,700.54.
  • On Monday, May 1st, Yakov Faitelson sold 33,320 shares of Varonis Systems stock. The shares were sold at an average price of $32.00, for a total value of $1,066,240.00.
  • On Wednesday, May 3rd, Yakov Faitelson sold 91,385 shares of Varonis Systems stock. The shares were sold at an average price of $32.02, for a total value of $2,926,147.70.
  • On Monday, April 3rd, Yakov Faitelson sold 8,000 shares of Varonis Systems stock. The shares were sold at an average price of $32.02, for a total value of $256,160.00.
  • On Monday, March 27th, Yakov Faitelson sold 49,273 shares of Varonis Systems stock. The shares were sold at an average price of $31.00, for a total value of $1,527,463.00.

Varonis Systems, Inc. (NASDAQ VRNS) opened at 36.80 on Friday. Varonis Systems, Inc. has a 1-year low of $21.54 and a 1-year high of $37.15. The firm’s 50 day moving average price is $35.60 and its 200-day moving average price is $30.53. The stock’s market cap is $1.00 billion.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Thursday, May 4th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.07. The firm had revenue of $40.40 million during the quarter, compared to analyst estimates of $37.45 million. Varonis Systems had a negative net margin of 10.46% and a negative return on equity of 23.33%. Varonis Systems’s revenue was up 32.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) EPS.

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

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VRNS has been the subject of a number of recent analyst reports. Stifel Nicolaus raised Varonis Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $36.00 in a research report on Thursday, March 23rd. ValuEngine raised Varonis Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley raised Varonis Systems from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $24.00 to $35.00 in a research report on Wednesday. Needham & Company LLC raised their price objective on Varonis Systems from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Barclays PLC reissued a “hold” rating and issued a $37.00 price objective on shares of Varonis Systems in a research report on Sunday, May 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $37.33.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNS. Penserra Capital Management LLC raised its stake 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 in the last quarter. First Trust Advisors LP bought a new stake in shares of Varonis Systems during the first quarter worth $6,936,000. G2 Investment Partners Management LLC raised its stake in shares of Varonis Systems by 228.1% in the third quarter. G2 Investment Partners Management LLC now owns 285,250 shares of the technology company’s stock worth $8,586,000 after buying an additional 198,310 shares in the last quarter. Emerald Advisers Inc. PA raised its stake 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 in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Varonis Systems during the first quarter worth $5,694,000. 61.11% of the stock is owned by hedge funds and other institutional investors.

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.

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