Varonis Systems, Inc. (NASDAQ:VRNS) Director Rona Segev-Gal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $48.05, for a total transaction of $240,250.00. Following the sale, the director now directly owns 15,107 shares in the company, valued at $725,891.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Varonis Systems, Inc. (NASDAQ VRNS) opened at $49.05 on Friday. Varonis Systems, Inc. has a fifty-two week low of $24.75 and a fifty-two week high of $52.00.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. The firm had revenue of $53.60 million for the quarter, compared to the consensus estimate of $50.53 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. analysts predict that Varonis Systems, Inc. will post -0.53 earnings per share for the current fiscal year.

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Several equities research analysts have commented on VRNS shares. BidaskClub downgraded shares of Varonis Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective (up from $40.00) on shares of Varonis Systems in a report on Friday, August 4th. Imperial Capital reaffirmed an “outperform” rating and set a $46.00 price objective (up from $39.00) on shares of Varonis Systems in a report on Friday, August 4th. Barclays PLC upped their price objective on shares of Varonis Systems from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price objective (up from $41.00) on shares of Varonis Systems in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.90.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Varonis Systems by 11.0% in the second quarter. Vanguard Group Inc. now owns 826,449 shares of the technology company’s stock worth $30,744,000 after buying an additional 82,109 shares in the last quarter. Emerald Advisers Inc. PA increased its position in shares of Varonis Systems by 4.6% in the second quarter. Emerald Advisers Inc. PA now owns 757,430 shares of the technology company’s stock worth $28,176,000 after purchasing an additional 33,185 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Varonis Systems by 355.9% in the second quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock worth $23,579,000 after purchasing an additional 494,824 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Varonis Systems by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 580,463 shares of the technology company’s stock worth $21,593,000 after purchasing an additional 27,248 shares during the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Varonis Systems in the second quarter worth approximately $18,092,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

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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