Varonis Systems, Inc. (NASDAQ:VRNS) has been the object of insider selling activity recently. James O’boyle, Sr VP disclosed the sale of 20,000 shares of (VRNS). The shares were sold on July 11th for an average price of $38.50. O’boyle now owns $5,551,277 of the stock per the Form 4 SEC filing. CTO Ohad Korkus sold 50,000 shares at a price of $38.06 on July 11th. That brings Korkus’s holdings to $11,003,450 as recorded in a recent Form 4 SEC filing.
Director Gili Iohan disclosed the sale of 10,000 shares of VRNS stock. 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/ bolstered its position by buying 92,338 shares an increase of 56,998.8% as of 06/30/2017. Bank Of Montreal /can/ claims 92,500 shares with a value of $3,441,000. The total value of its holdings increased 68,720.0%. As of quarter end Clearbridge Investments, LLC had bought a total of 12,590 shares growing its stake by 2.4%. The value in dollars increased from $13,934,000 to $16,934,000 increasing 21.5% since the last quarter.
As of the end of the quarter Morgan Stanley had disposed of 16 shares trimming its position 17.2%. The value of the investment in Varonis Systems, Inc. went from $2,000 to $2,000 a change of $0 quarter to quarter. As of the end of the quarter Kingdom Ridge Capital, LLC had bought a total of 191,100 shares growing its holdings by 189.2%. The value of the company’s investment in Varonis Systems, Inc. went from $2,426,000 to $9,289,000 a change of 282.9% for the reporting period.
On June 21 the company was upgraded from “Underweight” to “Equal-Weight” by Morgan Stanley. July 15 investment analysts at Barclays kept the company rating at “Equalweight” and raised the price target to $27.00 from $20.00.
On March 17 Barclays maintained a stock rating of “Equal-weight” but raised the price target from $17.00 to $20.00. February 10 investment analysts at Barclays maintained a company rating of “Equalweight” but moved down the price target to $17.00 from $19.00.
Brean Capital starting coverage on the stock with a rating of “Buy” and a price target of $25.00. Equity analyst Lake Street Capital released its first research report on the stock giving it an initial rating of “Buy” and price target of $25.00.
The company is now up by 0.65 percent from yesterday’s close. It is currently trading at $39.00 which is marginally over $36.22, the 50 day moving average and just a bit 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 by +25.91%.
Investors are feeling more bullish on the company recently if you put credence in the fall in short interest. The firm recorded a fall in short interest of -0.01% as of the latest report on May 31, 2017. Short shares decreased 64 over that period. The short-interest ratio increased to 1.4 and the percentage of shorted shares was 0.02% on May 31.Advertisement