Varonis Systems, Inc. (NASDAQ:VRNS) insider Ohad Korkus sold 50,000 shares of Varonis Systems stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $38.09, for a total value of $1,904,500.00. Following the completion of the transaction, the insider now directly owns 323,608 shares of the company’s stock, valued at approximately $12,326,228.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ohad Korkus also recently made the following trade(s):

  • On Wednesday, July 12th, Ohad Korkus sold 16,862 shares of Varonis Systems stock. The stock was sold at an average price of $39.02, for a total value of $657,955.24.
  • On Thursday, July 13th, Ohad Korkus sold 17,062 shares of Varonis Systems stock. The stock was sold at an average price of $39.02, for a total value of $665,759.24.
  • On Monday, July 10th, Ohad Korkus sold 15,500 shares of Varonis Systems stock. The stock was sold at an average price of $38.00, for a total value of $589,000.00.
  • On Friday, June 23rd, Ohad Korkus sold 56,380 shares of Varonis Systems stock. The stock was sold at an average price of $37.05, for a total value of $2,088,879.00.
  • On Friday, May 26th, Ohad Korkus sold 120 shares of Varonis Systems stock. The stock was sold at an average price of $37.00, for a total value of $4,440.00.
  • On Thursday, May 25th, Ohad Korkus sold 500 shares of Varonis Systems stock. The stock was sold at an average price of $37.00, for a total value of $18,500.00.
  • On Thursday, May 4th, Ohad Korkus sold 7,065 shares of Varonis Systems stock. The stock was sold at an average price of $32.00, for a total value of $226,080.00.
  • On Tuesday, May 2nd, Ohad Korkus sold 61,226 shares of Varonis Systems stock. The stock was sold at an average price of $32.02, for a total value of $1,960,456.52.
  • On Monday, May 1st, Ohad Korkus sold 31,219 shares of Varonis Systems stock. The stock was sold at an average price of $32.00, for a total value of $999,008.00.
  • On Wednesday, May 3rd, Ohad Korkus sold 97,844 shares of Varonis Systems stock. The stock was sold at an average price of $32.01, for a total value of $3,131,986.44.

Shares of Varonis Systems, Inc. (VRNS) opened at 38.60 on Monday. The firm’s 50 day moving average price is $36.22 and its 200-day moving average price is $30.97. Varonis Systems, Inc. has a 1-year low of $23.71 and a 1-year high of $39.15. The company’s market capitalization is $1.05 billion.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.07. Varonis Systems had a negative return on equity of 23.33% and a negative net margin of 10.46%. The firm had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $37.45 million. During the same period last year, the business posted ($0.29) earnings per share. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. boosted its position in shares of Varonis Systems by 7.1% in the first quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock valued at $209,000 after buying an additional 437 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Varonis Systems during the first quarter valued at about $223,000. Oxford Asset Management purchased a new position in shares of Varonis Systems during the first quarter valued at about $263,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Varonis Systems during the first quarter valued at about $286,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Varonis Systems during the first quarter valued at about $315,000. Hedge funds and other institutional investors own 61.39% of the company’s stock.

A number of equities analysts have weighed in on VRNS shares. Zacks Investment Research lowered Varonis Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Stifel Nicolaus raised Varonis Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $36.00 in a research report on Thursday, March 23rd. ValuEngine raised Varonis Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley raised Varonis Systems from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $24.00 to $35.00 in a research report on Wednesday, June 21st. Finally, Needham & Company LLC boosted their target price on Varonis Systems from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Buy” and a consensus price target of $38.00.

About Varonis Systems

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.

Insider Buying and Selling by Quarter for Varonis Systems (NASDAQ:VRNS)

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