Varonis Systems, Inc. (NASDAQ:VRNS) EVP David Bass Sells 116,325 Shares

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) EVP David Bass sold 116,325 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $50.32, for a total transaction of $5,853,474.00. Following the completion of the sale, the executive vice president now owns 650,972 shares in the company, valued at approximately $32,756,911.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Varonis Systems Stock Down 3.9 %

Varonis Systems stock opened at $49.96 on Tuesday. The company has a market capitalization of $5.45 billion, a P/E ratio of -54.30 and a beta of 0.83. The firm’s fifty day simple moving average is $45.32 and its 200-day simple moving average is $37.10. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems, Inc. has a 1-year low of $22.34 and a 1-year high of $52.30.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Varonis Systems in a report on Tuesday, October 31st. Citigroup raised their target price 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. Wells Fargo & Company raised their target price on shares of Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Piper Sandler raised their target price on shares of Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Finally, DA Davidson restated a “neutral” rating and set a $45.00 target price (up from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Varonis Systems currently has an average rating of “Moderate Buy” and an average price target of $48.40.

Get Our Latest Research Report on VRNS

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp raised its holdings in shares of Varonis Systems by 5.6% during the 1st quarter. Mackenzie Financial Corp now owns 6,103 shares of the technology company’s stock valued at $290,000 after purchasing an additional 325 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Varonis Systems by 4.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 8,502 shares of the technology company’s stock valued at $260,000 after purchasing an additional 356 shares in the last quarter. Captrust Financial Advisors raised its holdings in Varonis Systems by 35.9% in the 1st quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock worth $66,000 after acquiring an additional 366 shares during the period. Natixis Advisors L.P. raised its holdings in Varonis Systems by 3.7% in the 4th quarter. Natixis Advisors L.P. now owns 10,441 shares of the technology company’s stock worth $472,000 after acquiring an additional 370 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Varonis Systems by 87.2% in the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock worth $42,000 after acquiring an additional 429 shares during the period. Institutional investors own 92.47% of the company’s stock.

About Varonis Systems

(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; source code, strategic and product plans; and other intellectual property.

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

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