Varonis Systems Inc (NASDAQ:VRNS) Director Gili Iohan sold 5,000 shares of Varonis Systems stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the sale, the director now directly owns 51,970 shares in the company, valued at approximately $1,663,040. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Gili Iohan also recently made the following trade(s):
- On Tuesday, February 7th, Gili Iohan sold 5,000 shares of Varonis Systems stock. The stock was sold at an average price of $31.00, for a total transaction of $155,000.00.
Varonis Systems Inc (NASDAQ:VRNS) traded down 0.399% on Friday, reaching $31.225. 39,681 shares of the company’s stock were exchanged. Varonis Systems Inc has a 12 month low of $18.74 and a 12 month high of $32.25. The firm’s market capitalization is $838.11 million. The firm has a 50-day moving average of $29.76 and a 200-day moving average of $28.85.
Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Wednesday, February 8th. The technology company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The company had revenue of $54.40 million for the quarter, compared to analysts’ expectations of $53.41 million. Varonis Systems had a negative return on equity of 22.63% and a negative net margin of 10.77%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. On average, equities analysts expect that Varonis Systems Inc will post ($0.08) earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Jetstream Capital LLC bought a new stake in shares of Varonis Systems during the third quarter valued at approximately $301,000. G2 Investment Partners Management LLC boosted its stake in shares of Varonis Systems by 228.1% in the third quarter. G2 Investment Partners Management LLC now owns 285,250 shares of the technology company’s stock valued at $8,586,000 after buying an additional 198,310 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Varonis Systems by 29.3% in the third quarter. Citadel Advisors LLC now owns 70,710 shares of the technology company’s stock valued at $2,128,000 after buying an additional 16,014 shares during the last quarter. Timpani Capital Management LLC boosted its stake in shares of Varonis Systems by 482.2% in the third quarter. Timpani Capital Management LLC now owns 119,452 shares of the technology company’s stock valued at $3,596,000 after buying an additional 98,936 shares during the last quarter. Finally, Emerald Acquisition Ltd. boosted its stake in shares of Varonis Systems by 244.1% in the third quarter. Emerald Acquisition Ltd. now owns 146,637 shares of the technology company’s stock valued at $4,413,000 after buying an additional 104,023 shares during the last quarter. Institutional investors and hedge funds own 47.22% of the company’s stock.
Several equities research analysts recently issued reports on VRNS shares. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday. Stifel Nicolaus raised shares of Varonis Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $36.00 in a report on Thursday, March 23rd. Jefferies Group LLC raised their price objective on shares of Varonis Systems from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Imperial Capital reissued an “outperform” rating on shares of Varonis Systems in a report on Monday, February 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective (up from $37.00) on shares of Varonis Systems in a report on Thursday, February 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Varonis Systems has a consensus rating of “Buy” and an average target price of $33.55.
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.
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