Guy Melamed Sells 91,345 Shares of Varonis Systems, Inc. (NASDAQ:VRNS) Stock

Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed sold 91,345 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. This represents a 15.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Varonis Systems Price Performance

NASDAQ VRNS opened at $51.08 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $55.20 and a 200 day simple moving average of $50.60. The company has a market cap of $5.74 billion, a P/E ratio of -68.11 and a beta of 0.82. Varonis Systems, Inc. has a 1 year low of $36.87 and a 1 year high of $60.58.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. Varonis Systems’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS. On average, sell-side analysts predict that Varonis Systems, Inc. will post -0.73 EPS for the current year.

Institutional Trading of Varonis Systems

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Varonis Systems by 445.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after purchasing an additional 423 shares during the period. International Assets Investment Management LLC boosted its holdings in Varonis Systems by 5,550.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock valued at $140,000 after purchasing an additional 2,442 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Varonis Systems in the 3rd quarter valued at $184,000. KBC Group NV boosted its holdings in Varonis Systems by 25.5% in the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after purchasing an additional 663 shares during the period. Finally, Atom Investors LP bought a new stake in Varonis Systems in the 3rd quarter valued at $224,000. 95.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRNS has been the topic of several research reports. Barclays upped their price objective on shares of Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Robert W. Baird upped their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 30th. UBS Group increased their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on shares of Varonis Systems from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and a consensus price target of $59.67.

Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, 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; source code, strategic and product plans; and other intellectual property.