Today, Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi Sold 9,990 Shares

Today, Varonis Systems Inc. (VRNS) Major Shareholder Pitango Venture Capital Princi Sold 9,990 Shares

Varonis Systems Inc. (NASDAQ:VRNS) major shareholder Pitango Venture Capital Princi sold 9,990 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $30.57, for a total value of $305,394.30. Following the completion of the sale, the insider now directly owns 2,817,783 shares in the company, valued at approximately $86,139,626.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Friday, November 25th, Pitango Venture Capital Princi sold 2,582 shares of Varonis Systems stock. The shares were sold at an average price of $30.70, for a total value of $79,267.40. 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $162,163.75.

Shares of Varonis Systems Inc. (NASDAQ:VRNS) traded down 0.16% during midday trading on Tuesday, hitting $30.45. The stock had a trading volume of 15,386 shares. The company’s market cap is $812.28 million. The company’s 50 day moving average is $29.47 and its 200 day moving average is $27.31. Varonis Systems Inc. has a 52-week low of $13.25 and a 52-week high of $32.05.

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

A number of equities analysts recently weighed in on VRNS shares. Needham & Company LLC raised Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Wednesday, August 10th. Jefferies Group raised their price objective on Varonis Systems from $26.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Imperial Capital reissued an “outperform” rating and set a $35.00 price objective on shares of Varonis Systems in a report on Friday, September 9th. JMP Securities raised their price objective on Varonis Systems from $29.00 to $33.00 and gave the company a “market outperform” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, October 6th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Varonis Systems currently has an average rating of “Buy” and an average price target of $31.33.

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Varonis Systems by 0.4% in the third quarter. California State Teachers Retirement System now owns 22,534 shares of the company’s stock worth $678,000 after buying an additional 100 shares in the last quarter. Rhumbline Advisers increased its stake in Varonis Systems by 1.1% in the third quarter. Rhumbline Advisers now owns 10,061 shares of the company’s stock worth $303,000 after buying an additional 110 shares in the last quarter. BlackRock Group LTD increased its stake in Varonis Systems by 10.1% in the third quarter. BlackRock Group LTD now owns 4,596 shares of the company’s stock worth $138,000 after buying an additional 423 shares in the last quarter. BlackRock Advisors LLC increased its stake in Varonis Systems by 8.0% in the third quarter. BlackRock Advisors LLC now owns 6,443 shares of the company’s stock worth $194,000 after buying an additional 476 shares in the last quarter. Finally, Strs Ohio increased its stake in Varonis Systems by 2.8% in the third quarter. Strs Ohio now owns 21,700 shares of the company’s stock worth $653,000 after buying an additional 600 shares in the last quarter. Institutional investors own 44.05% of the company’s stock.

Varonis Systems Company Profile

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