Varonis Systems, Inc. (VRNS) Insider Ohad Korkus Sells 50,000 Shares

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

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

  • On Wednesday, July 19th, Ohad Korkus sold 57,938 shares of Varonis Systems stock. The stock was sold at an average price of $39.04, for a total transaction of $2,261,899.52.
  • 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 transaction 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 transaction of $665,759.24.
  • On Monday, July 10th, Ohad Korkus sold 15,500 shares of Varonis Systems stock. The shares were sold at an average price of $38.00, for a total transaction of $589,000.00.
  • On Friday, June 23rd, Ohad Korkus sold 56,380 shares of Varonis Systems stock. The shares were sold at an average price of $37.05, for a total transaction of $2,088,879.00.
  • On Friday, May 26th, Ohad Korkus sold 120 shares of Varonis Systems stock. The shares were sold at an average price of $37.00, for a total transaction of $4,440.00.
  • On Thursday, May 25th, Ohad Korkus sold 500 shares of Varonis Systems stock. The shares were sold at an average price of $37.00, for a total transaction of $18,500.00.
  • On Thursday, May 4th, Ohad Korkus sold 7,065 shares of Varonis Systems stock. The shares were sold at an average price of $32.00, for a total transaction 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 transaction 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 transaction of $999,008.00.

Shares of Varonis Systems, Inc. (NASDAQ:VRNS) traded down 1.32% during trading on Tuesday, reaching $37.30. 152,463 shares of the company’s stock traded hands. The stock’s market capitalization is $1.02 billion. Varonis Systems, Inc. has a 1-year low of $24.45 and a 1-year high of $40.00. The company has a 50 day moving average price of $37.64 and a 200 day moving average price of $32.95.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 21.12% and a negative net margin of 9.03%. The business had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.50 million. During the same period in the previous year, the business earned ($0.12) EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities analysts forecast that Varonis Systems, Inc. will post $0.01 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. Jennison Associates LLC raised its position in Varonis Systems by 6.1% in the first quarter. Jennison Associates LLC now owns 1,971,574 shares of the technology company’s stock worth $62,696,000 after buying an additional 112,573 shares in the last quarter. Emerald Advisers Inc. PA raised its position in shares of Varonis Systems by 4.6% in the second quarter. Emerald Advisers Inc. PA now owns 757,430 shares of the technology company’s stock worth $28,176,000 after buying an additional 33,185 shares during the period. Vanguard Group Inc. raised its position in shares of Varonis Systems by 30.4% in the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock worth $23,670,000 after buying an additional 173,332 shares during the period. Russell Investments Group Ltd. raised its position in shares of Varonis Systems by 355.9% in the second quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock worth $23,579,000 after buying an additional 494,824 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Varonis Systems by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 580,463 shares of the technology company’s stock worth $21,593,000 after buying an additional 27,248 shares during the period. Institutional investors and hedge funds own 63.89% of the company’s stock.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $42.00 price target on shares of Varonis Systems in a research report on Thursday, July 20th. Barclays PLC reissued a “hold” rating and set a $45.00 price target on shares of Varonis Systems in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Varonis Systems in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price target (up from $40.00) on shares of Varonis Systems in a research note on Friday. Finally, Imperial Capital boosted their price target on shares of Varonis Systems from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Varonis Systems currently has a consensus rating of “Hold” and an average target price of $40.82.

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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