Here is the rundown on market activity for Varonis Systems, Inc. (NASDAQ:VRNS). Sr VP James O’boyle sold 20,000 shares at an average price of $38.50 on July 11th. O’boyle now owns $5,551,277 of stock as recorded in a recent Form 4 SEC filing. Ohad Korkus, CTO reported the sale of 50,000 shares. The shares sold for $38.06. The CTO now owns $11,003,450 of the stock according to the SEC filing.
Director Gili Iohan disclosed the sale of 10,000 shares of VRNS stock. The shares were sold on July 10th for an average price of $38.00. Iohan now owns $1,991,162 of the stock per the Form 4 SEC filing.
Varonis Systems, Inc. (Varonis), launched on November 3, 2004, provides a solutions that protect data from insider threats and cyberattacks. The Business’s products include DatAdvantage, DataPrivilege, Interface Data Unit (IDU) Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. The Business’s platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data. It specializes in file and e-mail systems that store valuable spreadsheets, word processing documents, presentations, audio and video files, e-mails and text. Its Metadata Framework is a technology platform that extracts metadata from an enterprise’s information technology (IT) infrastructure. Data often contains an enterprise’s financial information, product plans, strategic initiatives, intellectual property, and confidential employee, customer or patient records. IT and business personnel deploy its software for a range of use cases, including data security, governance and compliance, user behavior analytics, archiving, search, and file synchronization and sharing. The Business’s subsidiaries include Varonis Systems Ltd. (VSL), Varonis UK (VSUK), Varonis Systems (Deutschland) GmbH (VSG), Varonis France SAS (VSF) and Varonis Systems Corp. (VSC)..
Here are a few other firms who have also updated their positions. Bank Of Montreal /can/ expanded its ownership by buying 92,338 shares an increase of 56,998.8% as of 06/30/2017. Bank Of Montreal /can/ currently owns 92,500 shares worth $3,441,000. The value of the position overall is up by 68,720.0%. Clearbridge Investments, LLC grew its position by buying 12,590 shares an increase of 2.4%. Clearbridge Investments, LLC controls 532,502 shares with a value of $16,934,000. The total value of its holdings increased 21.5%.
Morgan Stanley reduced its investment by selling 16 shares a decrease of 17.2% from 12/31/2016 to 03/31/2017. Morgan Stanley now holds 77 shares valued at $2,000. The total value of its holdings decreased 0.0%. Kingdom Ridge Capital, LLC augmented its stake by buying 191,100 shares an increase of 189.2% in the quarter. Kingdom Ridge Capital, LLC owns 292,100 shares with a value of $9,289,000. The value of the position overall is up by 282.9%.
On June 21 the stock rating was upgraded to “Equal-Weight” from “Underweight” in a report issued by Morgan Stanley. July 15 investment analysts at Barclays kept the company rating at “Equalweight” but raised the price expectation from $20.00 to $27.00.
On March 17 Barclays maintained a stock rating of “Equal-weight” but moved up the price target to $20.00 from $17.00. On February 10 Barclays held the stock rating at “Equalweight” and lowered the price expectation to $17.00 from $19.00.
On January 12, 2016 Brean Capital starting coverage on the stock setting a rating of “Buy” and projecting a price target of $25.00. On December 16 analysts at Lake Street Capital initiated coverage on the stock with an initial rating of “Buy” and price target of $25.00.
The company is trading up by 0.65 percent from yesterday’s close. Company shares last traded at $39.00 a tad above the 50 day moving average which is $36.22 and a tad higher than the 200 day moving average of $30.97. The 50 day moving average went up $2.78 or +7.66% whereas the 200 day moving average was up $8.03 or +25.91%.
Traders are a little more bullish on shares of Varonis Systems, Inc. considering the change in short interest. The company experienced a fall in short interest of -0.01% as of May 31, 2017 from the last reporting period. Short interest fell 64 over that timeframe. Days to cover increased 0.2 to 1.4 and the percentage of shorted shares is 0.02% as of May 31.