Varonis Systems Inc (NASDAQ:VRNS) Director Kevin E. Comolli sold 16,801 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $58.72, for a total value of $986,554.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Kevin E. Comolli also recently made the following trade(s):
- On Thursday, March 8th, Kevin E. Comolli sold 50,000 shares of Varonis Systems stock. The stock was sold at an average price of $58.97, for a total value of $2,948,500.00.
Varonis Systems Inc (NASDAQ VRNS) opened at $59.00 on Friday. The stock has a market capitalization of $1,637.39, a price-to-earnings ratio of -113.46 and a beta of 0.81. Varonis Systems Inc has a 12 month low of $26.35 and a 12 month high of $60.05.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Monday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $73.20 million during the quarter, compared to the consensus estimate of $66.29 million. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. equities analysts forecast that Varonis Systems Inc will post -0.77 earnings per share for the current year.
VRNS has been the subject of several recent research reports. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price target on shares of Varonis Systems in a report on Thursday, December 7th. Zacks Investment Research downgraded Varonis Systems from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Stephens reiterated a “buy” rating and set a $58.00 price target on shares of Varonis Systems in a report on Friday, January 12th. Barclays reiterated a “neutral” rating on shares of Varonis Systems in a report on Tuesday, December 19th. Finally, Oppenheimer reiterated a “buy” rating and set a $57.00 price target on shares of Varonis Systems in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Varonis Systems presently has a consensus rating of “Buy” and an average price target of $58.33.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Varonis Systems by 25.9% in the 4th quarter. BlackRock Inc. now owns 2,382,680 shares of the technology company’s stock valued at $115,680,000 after purchasing an additional 489,675 shares during the period. Millennium Management LLC grew its stake in Varonis Systems by 6.4% in the 4th quarter. Millennium Management LLC now owns 827,424 shares of the technology company’s stock valued at $40,171,000 after purchasing an additional 49,532 shares during the period. Vanguard Group Inc. grew its stake in Varonis Systems by 11.0% in the 2nd quarter. Vanguard Group Inc. now owns 826,449 shares of the technology company’s stock valued at $30,744,000 after purchasing an additional 82,109 shares during the period. Bank of New York Mellon Corp grew its stake in Varonis Systems by 99.3% in the 4th quarter. Bank of New York Mellon Corp now owns 732,983 shares of the technology company’s stock valued at $35,586,000 after purchasing an additional 365,196 shares during the period. Finally, Emerald Advisers Inc. PA grew its stake in shares of Varonis Systems by 0.3% during the 4th quarter. Emerald Advisers Inc. PA now owns 719,544 shares of the technology company’s stock worth $34,934,000 after acquiring an additional 2,384 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.
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Varonis Systems Company Profile
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.
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