The 6,793 Shares of Stock are sold by Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi

The 6,793 Shares of Stock are sold by Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi

Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 6,793 shares of Varonis Systems stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $30.45, for a total value of $206,846.85. Following the completion of the transaction, the insider now owns 3,078,341 shares of the company’s stock, valued at $93,735,483.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Pitango Venture Capital Princi also recently made the following trade(s): On Monday, October 3rd, Pitango Venture Capital Princi sold 5,375 shares of Varonis Systems stock. The stock was sold at an average price of $30.17, for a total value of $162,163.75. On Thursday, September 29th, Pitango Venture Capital Princi sold 300 shares of Varonis Systems stock. The stock was sold at an average price of $30.10, for a total value of $9,030.00. On Wednesday, September 28th, Pitango Venture Capital Princi sold 12,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.05, for a total value of $360,600.00. On Thursday, September 22nd, Pitango Venture Capital Princi sold 20,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.21, for a total value of $604,200.00. On Friday, September 23rd, Pitango Venture Capital Princi sold 10,009 shares of Varonis Systems stock. The stock was sold at an average price of $30.11, for a total value of $301,370.99. On Thursday, September 8th, Pitango Venture Capital Princi sold 5,000 shares of Varonis Systems stock. The stock was sold at an average price of $30.07, for a total value of $150,350.00.

Varonis Systems Inc. (NASDAQ:VRNS) opened at 28.74 on Thursday. The company’s market cap is $758.42 million. The firm has a 50 day moving average price of $29.57 and a 200 day moving average price of $24.84. Varonis Systems Inc. has a 12-month low of $13.25 and a 12-month high of $30.90.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Varonis Systems had a negative net margin of 13.27% and a negative return on equity of 24.20%. The firm had revenue of $38.60 million for the quarter, compared to analysts’ expectations of $36.60 million. During the same period last year, the firm earned ($0.18) earnings per share. The business’s revenue for the quarter was up 32.2% on a year-over-year basis. On average, analysts anticipate that Varonis Systems Inc. will post ($0.34) earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. acquired a new position in shares of Varonis Systems during the third quarter worth about $6,935,000. Algert Global LLC acquired a new position in shares of Varonis Systems during the third quarter worth about $290,000. Schwab Charles Investment Management Inc. boosted its position in shares of Varonis Systems by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 35,358 shares of the company’s stock worth $850,000 after buying an additional 630 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Varonis Systems during the second quarter worth about $682,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Varonis Systems during the second quarter worth about $178,000. 41.00% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on VRNS shares. Brean Capital reiterated a “buy” rating and set a $35.00 price objective on shares of Varonis Systems in a research report on Saturday, June 25th. Summit Redstone reiterated a “buy” rating and set a $30.00 price objective on shares of Varonis Systems in a research report on Thursday, June 30th. Jefferies Group reiterated a “buy” rating on shares of Varonis Systems in a research report on Tuesday, July 5th. Zacks Investment Research cut Varonis Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Barclays PLC boosted their target price on Varonis Systems from $20.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, July 15th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.00.

Varonis Systems Company Profile

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