Varonis Systems, Inc. (NASDAQ:VRNS) Vice Chairman James O’boyle Sells 50,000 Shares

Varonis Systems, Inc. (NASDAQ:VRNS) Vice Chairman James O’boyle sold 50,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total value of $2,988,000.00. Following the completion of the sale, the insider now owns 444,114 shares of the company’s stock, valued at approximately $26,540,252.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

James O’boyle also recently made the following trade(s):

• On Tuesday, August 6th, James O’boyle sold 75,000 shares of Varonis Systems stock. The shares were sold at an average price of $51.04, for a total transaction of $3,828,000.00.

Varonis Systems Stock Down 1.7 %

VRNS opened at $58.97 on Thursday. The stock’s 50 day moving average price is $55.68 and its 200 day moving average price is $49.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.44 and a quick ratio of 2.44. The stock has a market cap of $6.58 billion, a P/E ratio of -62.73 and a beta of 0.82. Varonis Systems, Inc. has a 12 month low of $30.89 and a 12 month high of $60.58.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The company had revenue of $130.35 million for the quarter, compared to analyst estimates of $124.83 million. Varonis Systems had a negative return on equity of 18.31% and a negative net margin of 16.97%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned ($0.35) earnings per share. As a group, research analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Institutional Trading of Varonis Systems

A number of institutional investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new position in shares of Varonis Systems during the first quarter valued at approximately $63,000. NBC Securities Inc. bought a new position in Varonis Systems during the 1st quarter valued at $68,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Varonis Systems during the 2nd quarter valued at $215,000. O Neil Global Advisors Inc. raised its stake in shares of Varonis Systems by 4.8% in the 2nd quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock worth $229,000 after buying an additional 220 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Varonis Systems during the fourth quarter valued at about $232,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VRNS shares. Robert W. Baird upgraded shares of Varonis Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $52.00 to $60.00 in a research note on Tuesday, July 30th. Truist Financial reissued a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of Varonis Systems in a research report on Tuesday, July 30th. Barclays lifted their target price on Varonis Systems from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Baird R W raised Varonis Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, TD Cowen lifted their price objective on Varonis Systems from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.67.

Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.