Varonis Systems Inc (NASDAQ:VRNS) CEO Yakov Faitelson sold 65,176 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $83.49, for a total value of $5,441,544.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ:VRNS traded up $0.32 during trading hours on Wednesday, reaching $87.25. 311,894 shares of the company traded hands, compared to its average volume of 251,006. The firm’s 50-day moving average is $78.05 and its 200-day moving average is $69.90. The stock has a market cap of $2.65 billion, a P/E ratio of -89.03 and a beta of 0.92. Varonis Systems Inc has a 1-year low of $49.50 and a 1-year high of $88.60.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, October 28th. The technology company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.18. The firm had revenue of $65.65 million for the quarter, compared to analysts’ expectations of $61.61 million. Varonis Systems had a negative return on equity of 49.47% and a negative net margin of 21.42%. Varonis Systems’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, sell-side analysts predict that Varonis Systems Inc will post -2.45 EPS for the current year.

A number of large investors have recently made changes to their positions in VRNS. Maverick Capital Ltd. acquired a new stake in shares of Varonis Systems during the third quarter worth $926,000. State Street Corp boosted its holdings in shares of Varonis Systems by 0.6% during the third quarter. State Street Corp now owns 641,979 shares of the technology company’s stock worth $38,378,000 after purchasing an additional 3,617 shares during the last quarter. BBVA USA Bancshares Inc. acquired a new stake in shares of Varonis Systems during the third quarter worth $472,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Varonis Systems during the third quarter worth $223,000. Finally, Soma Equity Partners LP boosted its holdings in shares of Varonis Systems by 75.0% during the second quarter. Soma Equity Partners LP now owns 1,050,000 shares of the technology company’s stock worth $65,037,000 after purchasing an additional 450,000 shares during the last quarter. Hedge funds and other institutional investors own 96.75% of the company’s stock.

A number of equities research analysts recently weighed in on the company. ValuEngine cut Varonis Systems from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Morgan Stanley upgraded Varonis Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $81.00 to $97.00 in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Varonis Systems in a report on Tuesday, December 17th. Craig Hallum increased their target price on Varonis Systems from $75.00 to $82.00 in a report on Tuesday, October 29th. Finally, Zacks Investment Research cut Varonis Systems from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.57.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

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

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