Insider Selling: Varonis Systems, Inc. (NASDAQ:VRNS) Director Sells 1,500 Shares of Stock


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Varonis Systems, Inc. (NASDAQ:VRNS) Director Ofer Segev sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $53.75, for a total transaction of $80,625.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

VRNS stock traded up $0.06 during midday trading on Wednesday, reaching $55.75. 719,069 shares of the company’s stock traded hands, compared to its average volume of 1,524,258. The company has a market cap of $5.92 billion, a price-to-earnings ratio of -19.70 and a beta of 1.12. The firm’s fifty day moving average price is $62.61 and its 200-day moving average price is $53.06. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.74. Varonis Systems, Inc. has a 52 week low of $19.49 and a 52 week high of $75.33.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Sunday, February 7th. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. The business had revenue of $95.19 million during the quarter, compared to analyst estimates of $84.06 million. Varonis Systems had a negative net margin of 33.75% and a negative return on equity of 97.77%. Varonis Systems’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. Analysts forecast that Varonis Systems, Inc. will post -2.73 earnings per share for the current year.

VRNS has been the topic of several research reports. DA Davidson lifted their price target on shares of Varonis Systems from $51.67 to $76.67 and gave the company a “buy” rating in a report on Wednesday, February 10th. Needham & Company LLC lifted their target price on shares of Varonis Systems from $53.33 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. Benchmark lifted their target price on shares of Varonis Systems from $48.33 to $68.33 and gave the stock a “buy” rating in a research report on Tuesday, February 9th. Wedbush lifted their target price on shares of Varonis Systems from $63.33 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 9th. Finally, Truist boosted their price target on shares of Varonis Systems from $68.33 to $73.33 in a research report on Tuesday, February 9th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $61.03.

Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. purchased a new position in shares of Varonis Systems in the 4th quarter worth about $34,000. Advisory Services Network LLC purchased a new position in shares of Varonis Systems in the 4th quarter worth about $65,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Varonis Systems in the 1st quarter worth about $131,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Varonis Systems by 103.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 953 shares of the technology company’s stock worth $156,000 after buying an additional 485 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of Varonis Systems in the 4th quarter worth about $200,000.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' 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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