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 Tue the 11th. O’boyle now owns $5,551,277 of stock per an SEC filing yesterday. CTO Ohad Korkus let go of 50,000 shares at a price of $38.06 on July 11th. That brings Korkus’s holdings to $11,003,450 as reported to the SEC.
Gili Iohan, Director reported the sale of 10,000 shares. The shares were purchased at an average price of $38.00. The Director now owns $1,991,162 of the stock according to the 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 additional firms who have increased or decreased their stake in (VRNS). Bank Of Montreal /can/ expanded its holdings by buying 92,338 shares an increase of 56,998.8%. Bank Of Montreal /can/ claims 92,500 shares valued at $3,441,000. The value of the position overall is up by 68,720.0%. Clearbridge Investments, LLC added to its position by buying 12,590 shares an increase of 2.4% in the quarter. Clearbridge Investments, LLC controls 532,502 shares with a value of $16,934,000. The total value of its holdings increased 21.5%.
As of the end of the quarter Morgan Stanley had sold 16 shares trimming its stake by 17.2%. The value of the investment in (VRNS) decreased from $2,000 to $2,000 a change of 0.0% quarter over quarter. Kingdom Ridge Capital, LLC bolstered its stake by buying 191,100 shares an increase of 189.2% from 06/30/2016 to 03/31/2017. Kingdom Ridge Capital, LLC now holds 292,100 shares valued at $9,289,000. The value of the position overall is up by 282.9%.
On June 21 the stock rating was upgraded from “Underweight” to “Equal-Weight” by analysts at Morgan Stanley. On July 15 Barclays kept the company rating at “Equalweight” and moved up the price target to $27.00 from $20.00.
March 17 investment analysts at Barclays maintained a company rating of “Equal-weight” but raised the price expectation from $17.00 to $20.00. February 10 investment analysts at Barclays left the company rating at “Equalweight” but lowered the price target to $17.00 from $19.00.
Equity analyst Brean Capital started coverage with an initial rating of “Buy” and setting a price target of $25.00. On December 16, 2015 Lake Street Capital began coverage of VRNS by announcing an initial rating of “Buy” and establishing a price target of $25.00.
In the market the company is trading up by 0.65 percent from yesterday’s close. It is trading at $39.00 marginally over the 50 day moving average of $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% and the 200 day average went up $8.03 or +25.91%.
Traders are a little more bullish on shares of Varonis Systems, Inc. recently if you watch the change in short interest. The stock had a fall in short interest from June 15, 2017 to May 31, 2017 of -0.01%. Short interest fell from 432,307 to 432,243 over that timeframe. The short-interest ratio increased to 1.4 and the percentage of shorted shares was 0.02% on May 31.