Varonis Systems Inc (NASDAQ:VRNS) EVP David Bass sold 17,500 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $57.43, for a total value of $1,005,025.00. Following the sale, the executive vice president now owns 127,250 shares of the company’s stock, valued at $7,307,967.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Varonis Systems Inc (VRNS) traded up $0.50 during trading on Wednesday, reaching $58.15. The company’s stock had a trading volume of 232,908 shares, compared to its average volume of 379,920. Varonis Systems Inc has a 52 week low of $26.35 and a 52 week high of $60.05. The stock has a market capitalization of $1,620.00, a PE ratio of -114.02 and a beta of 0.81.
Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The company had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $66.29 million. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue was up 34.6% compared to the same quarter last year. equities analysts expect that Varonis Systems Inc will post -0.77 EPS for the current fiscal year.
VRNS has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Varonis Systems in a research note on Friday, December 1st. Oppenheimer initiated coverage on Varonis Systems in a research note on Wednesday, December 6th. They set an “outperform” rating and a $57.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and set a $55.00 price objective on shares of Varonis Systems in a research note on Thursday, December 7th. Barclays restated a “neutral” rating on shares of Varonis Systems in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut Varonis Systems from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Varonis Systems currently has an average rating of “Buy” and an average target price of $58.33.
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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.
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