Varonis Systems (NASDAQ:VRNS) CFO Sells $231,651.84 in Stock

Key Points

• Guy Melamed, CFO of Varonis Systems, sold shares totaling $231,651.84, reducing his ownership by 0.93% to 413,605 shares valued at approximately $24.6 million.
• Varonis Systems stock fell 3.7% to $56.84, with a trading volume significantly higher than its average, reflecting ongoing market activity.
• Despite recent insider selling, several analysts maintained a positive outlook for Varonis, with multiple firms increasing their price targets and giving it an "outperform" rating.

Varonis Systems, Inc. (NASDAQ:VRNS - Get Free Report) CFO Guy Melamed sold 3,892 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $59.52, for a total value of $231,651.84. Following the completion of the sale, the chief financial officer directly owned 413,605 shares in the company, valued at $24,617,769.60. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Guy Melamed also recently made the following trade(s):

• On Friday, August 29th, Guy Melamed sold 1,500 shares of Varonis Systems stock. The shares were sold at an average price of $59.59, for a total value of $89,385.00.
• On Friday, August 22nd, Guy Melamed sold 10,400 shares of Varonis Systems stock. The shares were sold at an average price of $59.53, for a total value of $619,112.00.
• On Wednesday, August 13th, Guy Melamed sold 42,705 shares of Varonis Systems stock. The shares were sold at an average price of $57.72, for a total value of $2,464,932.60.
• On Friday, August 1st, Guy Melamed sold 51,889 shares of Varonis Systems stock. The shares were sold at an average price of $55.10, for a total value of $2,859,083.90.

Varonis Systems Stock Down 3.7%

VRNS stock traded down $2.18 during mid-day trading on Tuesday, reaching $56.84. The company had a trading volume of 1,919,312 shares, compared to its average volume of 1,298,625. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of -61.78 and a beta of 0.67. The firm has a fifty day simple moving average of $54.28 and a 200 day simple moving average of $47.51. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Varonis Systems had a negative return on equity of 23.06% and a negative net margin of 17.30%.The company had revenue of $152.16 million for the quarter, compared to analyst estimates of $147.80 million. During the same quarter last year, the company earned $0.05 EPS. Varonis Systems's revenue for the quarter was up 16.7% compared to the same quarter last year. Varonis Systems has set its FY 2025 guidance at 0.160-0.180 EPS. Q3 2025 guidance at 0.070-0.080 EPS. Analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its holdings in shares of Varonis Systems by 179.1% in the second quarter. Bessemer Group Inc. now owns 494 shares of the technology company's stock valued at $25,000 after purchasing an additional 317 shares during the period. Quarry LP boosted its stake in shares of Varonis Systems by 31.8% in the first quarter. Quarry LP now owns 1,082 shares of the technology company's stock valued at $44,000 after buying an additional 261 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Varonis Systems by 344.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,213 shares of the technology company's stock valued at $62,000 after buying an additional 940 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Varonis Systems in the first quarter valued at approximately $69,000. Finally, NBC Securities Inc. boosted its stake in shares of Varonis Systems by 100,200.0% in the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after buying an additional 2,004 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush increased their price objective on Varonis Systems from $60.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wells Fargo & Company upgraded Varonis Systems from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $51.00 to $70.00 in a report on Monday, August 11th. Barclays increased their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. B. Riley assumed coverage on Varonis Systems in a report on Tuesday, August 26th. They issued a "buy" rating and a $80.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Varonis Systems from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.65.

About Varonis Systems

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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