Ofer Segev Sells 5,000 Shares of Varonis Systems, Inc. (NASDAQ:VRNS) Stock

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) Director Ofer Segev sold 5,000 shares of Varonis Systems stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $52.13, for a total value of $260,650.00. Following the transaction, the director now owns 75,682 shares of the company’s stock, valued at approximately $3,945,302.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Varonis Systems Stock Up 2.5 %

Shares of Varonis Systems stock opened at $51.98 on Friday. The stock’s 50 day simple moving average is $45.32 and its 200-day simple moving average is $36.96. Varonis Systems, Inc. has a 1-year low of $22.34 and a 1-year high of $52.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.57 and a current ratio of 2.50.

Analyst Upgrades and Downgrades

VRNS has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on Varonis Systems from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wedbush upgraded Varonis Systems from a “neutral” rating to an “outperform” rating and raised their target price for the company from $35.00 to $65.00 in a research report on Tuesday. Susquehanna initiated coverage on Varonis Systems in a research report on Friday, December 15th. They set a “positive” rating and a $55.00 target price on the stock. StockNews.com cut Varonis Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. 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 research report on Thursday, January 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.40.

Get Our Latest Report on VRNS

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Varonis Systems by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company’s stock worth $343,608,000 after purchasing an additional 180,082 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Varonis Systems by 1.9% during the 4th quarter. Clearbridge Investments LLC now owns 3,722,692 shares of the technology company’s stock valued at $168,563,000 after buying an additional 70,572 shares during the period. Cadian Capital Management LP raised its position in shares of Varonis Systems by 34.6% during the 3rd quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company’s stock valued at $109,160,000 after buying an additional 919,334 shares during the period. William Blair Investment Management LLC raised its position in shares of Varonis Systems by 6.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,252,160 shares of the technology company’s stock valued at $99,321,000 after buying an additional 205,105 shares during the period. Finally, State Street Corp raised its position in shares of Varonis Systems by 4.4% during the 2nd quarter. State Street Corp now owns 2,511,519 shares of the technology company’s stock valued at $66,932,000 after buying an additional 105,178 shares during the period. 92.47% of the stock is currently owned by institutional investors and hedge funds.

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; strategic and product plans; and other intellectual property.

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