Insider Selling: Varonis Systems, Inc. (NASDAQ:VRNS) SVP Sells 20,000 Shares of Stock

Varonis Systems, Inc. (NASDAQ:VRNS) SVP James O’boyle sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $38.50, for a total transaction of $770,000.00. Following the transaction, the senior vice president now owns 144,189 shares of the company’s stock, valued at approximately $5,551,276.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

James O’boyle also recently made the following trade(s):

  • On Monday, May 8th, James O’boyle sold 40,000 shares of Varonis Systems stock. The stock was sold at an average price of $35.70, for a total transaction of $1,428,000.00.

Varonis Systems, Inc. (NASDAQ VRNS) traded down 1.32% on Tuesday, reaching $37.30. 152,463 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $37.64 and its 200 day moving average is $32.95. Varonis Systems, Inc. has a 1-year low of $24.45 and a 1-year high of $40.00. The stock’s market capitalization is $1.02 billion.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.09. The firm had revenue of $50.20 million for 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%. Varonis Systems’s revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. Analysts expect that Varonis Systems, Inc. will post $0.01 EPS for the current year.

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A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Varonis Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Varonis Systems in a research report on Friday. Jefferies Group LLC restated a “buy” rating and set a $45.00 price objective on shares of Varonis Systems in a research report on Friday. Barclays PLC upped their price target on shares of Varonis Systems from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Imperial Capital upped their price target on shares of Varonis Systems from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.82.

A number of institutional investors have recently modified their holdings of the company. Jennison Associates LLC increased its position in Varonis Systems by 6.1% in the first quarter. Jennison Associates LLC now owns 1,971,574 shares of the technology company’s stock worth $62,696,000 after buying an additional 112,573 shares in the last quarter. Emerald Advisers Inc. PA boosted its stake in 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 buying an additional 33,185 shares during the last quarter. Vanguard Group Inc. boosted its stake in Varonis Systems by 30.4% in the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock worth $23,670,000 after buying an additional 173,332 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in 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 buying an additional 494,824 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in 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 buying an additional 27,248 shares during the last quarter. 63.89% 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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