Varonis Systems, Inc. (VRNS) CFO Guy Melamed Sells 605 Shares

Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed sold 605 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.65, for a total value of $26,408.25. Following the completion of the sale, the chief financial officer now directly owns 95,491 shares in the company, valued at $4,168,182.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Guy Melamed also recently made the following trade(s):

  • On Friday, November 3rd, Guy Melamed sold 5,355 shares of Varonis Systems stock. The shares were sold at an average price of $48.00, for a total value of $257,040.00.
  • On Thursday, September 21st, Guy Melamed sold 8,491 shares of Varonis Systems stock. The shares were sold at an average price of $42.50, for a total value of $360,867.50.
  • On Tuesday, September 5th, Guy Melamed sold 1,150 shares of Varonis Systems stock. The shares were sold at an average price of $38.35, for a total value of $44,102.50.

Varonis Systems, Inc. (VRNS) traded up $5.65 during mid-day trading on Friday, reaching $48.70. The company had a trading volume of 1,342,100 shares, compared to its average volume of 252,802.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, November 2nd. The technology company reported $0.06 earnings per share for the quarter. Varonis Systems had a negative return on equity of 19.29% and a negative net margin of 7.91%. The business had revenue of $53.60 million for the quarter, compared to the consensus estimate of $50.53 million. During the same period last year, the business earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. equities research analysts anticipate that Varonis Systems, Inc. will post -0.58 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRNS. Oppenheimer Asset Management Inc. bought a new position in shares of Varonis Systems in the second quarter valued at approximately $122,000. Fortaleza Asset Management Inc. bought a new position in shares of Varonis Systems in the second quarter valued at approximately $151,000. Legal & General Group Plc raised its stake in shares of Varonis Systems by 39.6% in the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,223 shares during the last quarter. Adams Street Partners LLC bought a new position in shares of Varonis Systems in the second quarter valued at approximately $163,000. Finally, Van ECK Associates Corp raised its stake in shares of Varonis Systems by 5.9% in the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after acquiring an additional 296 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

VRNS has been the topic of several research analyst reports. Barclays PLC reaffirmed a “hold” rating and issued a $45.00 price target on shares of Varonis Systems in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $42.00 price target on shares of Varonis Systems in a research report on Thursday, July 20th. BidaskClub downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $46.00 price target (up from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Varonis Systems currently has an average rating of “Buy” and a consensus target price of $44.90.

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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