Varonis Systems, Inc. (NASDAQ:VRNS) Director Gili Iohan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the transaction, the director now directly owns 52,932 shares in the company, valued at $2,011,416. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Gili Iohan also recently made the following trade(s):

  • On Wednesday, June 21st, Gili Iohan sold 7,618 shares of Varonis Systems stock. The shares were sold at an average price of $37.00, for a total value of $281,866.00.
  • On Thursday, May 25th, Gili Iohan sold 12,382 shares of Varonis Systems stock. The shares were sold at an average price of $36.49, for a total value of $451,819.18.

Shares of Varonis Systems, Inc. (VRNS) opened at 38.55 on Monday. Varonis Systems, Inc. has a 52-week low of $24.45 and a 52-week high of $40.00. The company’s market capitalization is $1.05 billion. The stock’s 50 day moving average price is $37.49 and its 200-day moving average price is $32.84.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. The company had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $47.50 million. Varonis Systems had a negative return on equity of 21.12% and a negative net margin of 9.03%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) earnings per share. On average, equities analysts expect that Varonis Systems, Inc. will post $0.01 earnings per share for the current year.

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Several analysts recently issued reports on VRNS shares. Stifel Nicolaus boosted their price target on Varonis Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Needham & Company LLC boosted their price target on Varonis Systems from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Benchmark Co. started coverage on Varonis Systems in a research note on Thursday, April 27th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research upgraded Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price target on shares of Varonis Systems in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.82.

Institutional investors have recently made changes to their positions in the stock. Allianz Asset Management AG bought a new position in shares of Varonis Systems during the fourth quarter valued at $1,356,000. Credit Suisse AG boosted its position in shares of Varonis Systems by 109.5% in the first quarter. Credit Suisse AG now owns 290,948 shares of the technology company’s stock valued at $9,252,000 after buying an additional 152,048 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Varonis Systems by 519.4% in the fourth quarter. Highbridge Capital Management LLC now owns 47,553 shares of the technology company’s stock valued at $1,274,000 after buying an additional 39,876 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Varonis Systems during the fourth quarter valued at $3,189,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Varonis Systems during the first quarter valued at $286,000. Institutional investors own 63.89% of the company’s stock.

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.

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

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