Varonis Systems, Inc. (NASDAQ:VRNS) Director Ofer Segev Sells 5,000 Shares of Stock

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) Director Ofer Segev sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $52.13, for a total transaction of $260,650.00. Following the sale, the director now directly owns 75,682 shares of the company’s stock, valued at approximately $3,945,302.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $51.98 on Friday. 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 stock’s fifty day simple moving average is $45.32 and its two-hundred day simple moving average is $36.96. Varonis Systems, Inc. has a 1-year low of $22.34 and a 1-year high of $52.30.

Analyst Ratings Changes

Several brokerages have recently commented on VRNS. Barclays raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $37.00 in a research report on Friday, October 13th. Wedbush raised shares of Varonis Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $35.00 to $65.00 in a research report on Tuesday. Piper Sandler raised their price objective on shares of Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank of Canada raised their price objective on shares of Varonis Systems from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Citigroup raised their price objective on shares of Varonis Systems from $35.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.40.

Check Out Our Latest Analysis on Varonis Systems

Hedge Funds Weigh In On Varonis Systems

Several large investors have recently bought and sold shares of the stock. Eagle Global Advisors LLC lifted its stake in Varonis Systems by 11.6% during the 4th quarter. Eagle Global Advisors LLC now owns 48,200 shares of the technology company’s stock valued at $2,182,000 after acquiring an additional 5,000 shares in the last quarter. Advisory Services Network LLC bought a new position in Varonis Systems during the 4th quarter valued at $79,000. Orion Portfolio Solutions LLC bought a new stake in shares of Varonis Systems during the 4th quarter worth $279,000. US Bancorp DE raised its stake in shares of Varonis Systems by 5.8% during the 4th quarter. US Bancorp DE now owns 33,397 shares of the technology company’s stock worth $1,512,000 after purchasing an additional 1,828 shares during the period. Finally, Assetmark Inc. bought a new stake in shares of Varonis Systems during the 4th quarter worth $98,000. 92.47% of the stock is currently owned by 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.

Featured Stories

Insider Buying and Selling by Quarter for Varonis Systems (NASDAQ:VRNS)

Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.