Varonis Systems Inc (NASDAQ:VRNS) Director Gili Iohan sold 11,765 shares of Varonis Systems stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $85.48, for a total transaction of $1,005,672.20. Following the sale, the director now directly owns 18,131 shares of the company’s stock, valued at approximately $1,549,837.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of VRNS stock opened at $87.25 on Thursday. Varonis Systems Inc has a 12-month low of $49.50 and a 12-month high of $88.60. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -89.03 and a beta of 0.92. The firm has a fifty day moving average of $78.05 and a 200-day moving average of $69.90.

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

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Varonis Systems in a report on Tuesday, December 17th. Jefferies Financial Group lifted their target price on shares of Varonis Systems from $88.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Craig Hallum lifted their target price on shares of Varonis Systems from $75.00 to $82.00 in a report on Tuesday, October 29th. BidaskClub raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Varonis Systems in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $79.57.

Hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. bought a new stake in Varonis Systems in the 1st quarter valued at $131,000. JPMorgan Chase & Co. lifted its position in Varonis Systems by 12.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,102 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 2,070 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Varonis Systems by 4.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 175,413 shares of the technology company’s stock valued at $10,866,000 after acquiring an additional 7,842 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Varonis Systems by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 133,400 shares of the technology company’s stock valued at $8,262,000 after acquiring an additional 4,821 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Varonis Systems by 0.9% in the 2nd quarter. Northern Trust Corp now owns 367,474 shares of the technology company’s stock valued at $22,761,000 after acquiring an additional 3,143 shares in the last quarter. 96.75% of the stock is owned by institutional investors.

Varonis Systems Company Profile

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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