Insider Selling: Varonis Systems Inc (VRNS) Director Sells $1,464,783.39 in Stock

Varonis Systems Inc (NASDAQ:VRNS) Director Gili Iohan sold 17,931 shares of the stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $81.69, for a total transaction of $1,464,783.39. Following the transaction, the director now directly owns 15,429 shares in the company, valued at $1,260,395.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Gili Iohan also recently made the following trade(s):

  • On Tuesday, June 5th, Gili Iohan sold 3,209 shares of Varonis Systems stock. The shares were sold at an average price of $81.52, for a total transaction of $261,597.68.
  • On Thursday, May 24th, Gili Iohan sold 26,108 shares of Varonis Systems stock. The shares were sold at an average price of $76.01, for a total transaction of $1,984,469.08.
  • On Monday, March 26th, Gili Iohan sold 16,370 shares of Varonis Systems stock. The shares were sold at an average price of $60.41, for a total transaction of $988,911.70.

Varonis Systems opened at $79.80 on Friday, MarketBeat reports. The stock has a market capitalization of $2.33 billion, a PE ratio of -159.60 and a beta of 0.78. Varonis Systems Inc has a twelve month low of $35.30 and a twelve month high of $83.10.



Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Monday, April 30th. The technology company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.09. The firm had revenue of $53.53 million for the quarter, compared to the consensus estimate of $49.71 million. Varonis Systems had a negative net margin of 7.75% and a negative return on equity of 17.00%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period last year, the firm posted ($0.23) earnings per share. research analysts anticipate that Varonis Systems Inc will post -1.03 EPS for the current year.

Several research firms have issued reports on VRNS. Oppenheimer increased their price objective on shares of Varonis Systems from $71.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, May 23rd. Zacks Investment Research raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a report on Thursday, May 17th. ValuEngine raised shares of Varonis Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Needham & Company LLC increased their price objective on shares of Varonis Systems to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price objective on shares of Varonis Systems from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 1st. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $71.07.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Varonis Systems by 25.9% in the fourth quarter. BlackRock Inc. now owns 2,382,680 shares of the technology company’s stock worth $115,680,000 after buying an additional 489,675 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Varonis Systems by 22.6% in the first quarter. Millennium Management LLC now owns 1,014,780 shares of the technology company’s stock worth $61,394,000 after buying an additional 187,356 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Varonis Systems by 99.3% in the fourth quarter. Bank of New York Mellon Corp now owns 732,983 shares of the technology company’s stock worth $35,586,000 after buying an additional 365,196 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Varonis Systems by 263.8% in the first quarter. OppenheimerFunds Inc. now owns 502,111 shares of the technology company’s stock worth $30,379,000 after buying an additional 364,109 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its stake in shares of Varonis Systems by 185.1% in the first quarter. Eventide Asset Management LLC now owns 479,000 shares of the technology company’s stock worth $28,980,000 after buying an additional 311,000 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.

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

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