Varonis Systems, Inc. (NASDAQ:VRNS) CEO Sells $4,038,000.00 in Stock


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Varonis Systems, Inc. (NASDAQ:VRNS) CEO Yakov Faitelson sold 75,000 shares of the business’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $53.84, for a total transaction of $4,038,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Yakov Faitelson also recently made the following trade(s):

  • On Monday, March 1st, Yakov Faitelson sold 48,686 shares of Varonis Systems stock. The shares were sold at an average price of $182.50, for a total transaction of $8,885,195.00.

VRNS stock traded up $0.06 during trading hours on Wednesday, hitting $55.75. The company’s stock had a trading volume of 719,069 shares, compared to its average volume of 1,524,258. The stock has a 50 day moving average price of $62.61 and a two-hundred day moving average price of $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 12 month low of $19.49 and a 12 month high of $75.33. The company has a market capitalization of $5.92 billion, a PE ratio of -19.70 and a beta of 1.12.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Sunday, February 7th. The technology company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. Varonis Systems had a negative net margin of 33.75% and a negative return on equity of 97.77%. The business had revenue of $95.19 million during the quarter, compared to analysts’ expectations of $84.06 million. During the same period in the previous year, the company earned ($0.03) earnings per share. Varonis Systems’s revenue for the quarter was up 31.2% on a year-over-year basis. Sell-side analysts expect that Varonis Systems, Inc. will post -2.73 earnings per share for the current year.

Several institutional investors have recently modified their holdings of VRNS. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Varonis Systems in the first quarter worth $131,000. LPL Financial LLC acquired a new stake in shares of Varonis Systems in the third quarter worth $202,000. Squarepoint Ops LLC acquired a new stake in shares of Varonis Systems in the third quarter worth $879,000. AQR Capital Management LLC lifted its stake in shares of Varonis Systems by 31.2% in the third quarter. AQR Capital Management LLC now owns 8,500 shares of the technology company’s stock worth $981,000 after buying an additional 2,020 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Varonis Systems in the third quarter worth $18,225,000.

VRNS has been the subject of a number of analyst reports. Truist boosted their target price on shares of Varonis Systems from $68.33 to $73.33 in a research note on Tuesday, February 9th. DA Davidson boosted their price target on shares of Varonis Systems from $51.67 to $76.67 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Needham & Company LLC boosted their price target 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. Royal Bank of Canada boosted their target price on shares of Varonis Systems from $66.67 to $71.67 and gave the stock an “outperform” rating in a report on Tuesday, February 9th. Finally, Wedbush boosted their target price on shares of Varonis Systems from $63.33 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, February 9th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Varonis Systems has a consensus rating of “Buy” and an average target price of $61.03.

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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