Todays Report: Today: Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi Sold 2,582 Shares

Today: Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi Sold 2,582 Shares

Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 2,582 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $30.70, for a total transaction of $79,267.40. Following the transaction, the insider now directly owns 2,827,561 shares in the company, valued at $86,806,122.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Pitango Venture Capital Princi also recently made the following trade(s): On Wednesday, November 23rd, Pitango Venture Capital Princi sold 79,764 shares of Varonis Systems stock. The shares were sold at an average price of $30.81, for a total transaction of $2,457,528.84. On Thursday, November 17th, Pitango Venture Capital Princi sold 28,263 shares of Varonis Systems stock. The shares were sold at an average price of $30.82, for a total transaction of $871,065.66. On Monday, November 14th, Pitango Venture Capital Princi sold 24,300 shares of Varonis Systems stock. The shares were sold at an average price of $31.03, for a total transaction of $754,029.00. On Wednesday, November 9th, Pitango Venture Capital Princi sold 7,700 shares of Varonis Systems stock. The shares were sold at an average price of $30.04, for a total transaction of $231,308.00. On Thursday, November 10th, Pitango Venture Capital Princi sold 58,443 shares of Varonis Systems stock. The shares were sold at an average price of $30.06, for a total transaction of $1,756,796.58. On Friday, November 11th, Pitango Venture Capital Princi sold 21,151 shares of Varonis Systems stock. The shares were sold at an average price of $31.04, for a total transaction of $656,527.04. On Monday, November 7th, Pitango Venture Capital Princi sold 34,000 shares of Varonis Systems stock. The shares were sold at an average price of $30.52, for a total transaction of $1,037,680.00. On Monday, October 10th, Pitango Venture Capital Princi sold 6,793 shares of Varonis Systems stock. The shares were sold at an average price of $30.45, for a total transaction of $206,846.85. On Monday, October 3rd, Pitango Venture Capital Princi sold 5,375 shares of Varonis Systems stock. The shares were sold at an average price of $30.17, for a total transaction of $162,163.75. On Thursday, September 29th, Pitango Venture Capital Princi sold 300 shares of Varonis Systems stock. The shares were sold at an average price of $30.10, for a total transaction of $9,030.00.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) traded down 0.65% on Monday, reaching $30.50. 150,036 shares of the company’s stock were exchanged. Varonis Systems Inc. has a 12 month low of $13.25 and a 12 month high of $32.05. The firm’s 50-day moving average price is $29.45 and its 200 day moving average price is $27.16. The company’s market cap is $813.62 million.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $40.90 million for the quarter, compared to analyst estimates of $38.60 million. Varonis Systems had a negative net margin of 12.09% and a negative return on equity of 23.71%. Varonis Systems’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. Equities research analysts predict that Varonis Systems Inc. will post ($0.21) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRNS. Jennison Associates LLC raised its position in shares of Varonis Systems by 6.1% in the second quarter. Jennison Associates LLC now owns 1,667,302 shares of the company’s stock worth $40,049,000 after buying an additional 95,439 shares during the period. Vanguard Group Inc. raised its position in shares of Varonis Systems by 14.4% in the second quarter. Vanguard Group Inc. now owns 481,302 shares of the company’s stock worth $11,560,000 after buying an additional 60,491 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Varonis Systems by 17.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 314,319 shares of the company’s stock worth $9,461,000 after buying an additional 46,582 shares during the period. BlackRock Fund Advisors raised its position in shares of Varonis Systems by 6.8% in the third quarter. BlackRock Fund Advisors now owns 297,071 shares of the company’s stock worth $8,942,000 after buying an additional 18,993 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Varonis Systems during the third quarter worth approximately $8,831,000. Institutional investors own 44.05% of the company’s stock.

A number of research firms have issued reports on VRNS. Brean Capital restated a “buy” rating on shares of Varonis Systems in a report on Thursday, September 8th. Imperial Capital upped their price target on shares of Varonis Systems from $27.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Zacks Investment Research cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. JMP Securities reiterated a “buy” rating on shares of Varonis Systems in a research note on Friday, November 4th. Finally, Jefferies Group reiterated a “buy” rating and issued a $36.00 target price (up previously from $34.00) on shares of Varonis Systems in a research note on Friday, November 4th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $31.33.

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