Varonis Systems, Inc. (NASDAQ:VRNS) CFO Guy Melamed Sells 188,503 Shares

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) CFO Guy Melamed sold 188,503 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $49.88, for a total transaction of $9,402,529.64. Following the sale, the chief financial officer now directly owns 645,876 shares of the company’s stock, valued at approximately $32,216,294.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Varonis Systems Trading Up 2.5 %

VRNS stock opened at $51.98 on Friday. Varonis Systems, Inc. has a one year low of $22.34 and a one year high of $52.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.57 and a current ratio of 2.50. The firm’s fifty day moving average is $45.32 and its 200 day moving average is $36.96.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of Varonis Systems in a research note on Tuesday, October 31st. Stephens reissued an “overweight” rating and set a $55.00 target price on shares of Varonis Systems in a research report on Tuesday. Citigroup raised their price target on shares of Varonis Systems from $35.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Royal Bank of Canada boosted their price target on Varonis Systems from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Barclays raised Varonis Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $37.00 in a report on Friday, October 13th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.40.

Read Our Latest Research Report on Varonis Systems

Institutional Investors Weigh In On Varonis Systems

Several hedge funds have recently modified their holdings of VRNS. Dark Forest Capital Management LP purchased a new position in Varonis Systems during the first quarter worth approximately $26,000. Point72 Hong Kong Ltd acquired a new position in shares of Varonis Systems during the 2nd quarter worth approximately $30,000. Pinebridge Investments L.P. purchased a new position in shares of Varonis Systems during the 2nd quarter valued at approximately $33,000. Quadrant Capital Group LLC grew its stake in Varonis Systems by 87.2% in the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after acquiring an additional 429 shares during the period. Finally, Comerica Bank purchased a new stake in Varonis Systems in the 3rd quarter worth $43,000. 92.47% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Company Profile

(Get Free Report)

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; strategic and product plans; and other intellectual property.

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