Varonis Systems, Inc. (NASDAQ:VRNS) VP Dov Gottlieb Sells 43,091 Shares

Varonis Systems, Inc. (NASDAQ:VRNSGet Free Report) VP Dov Gottlieb sold 43,091 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $48.02, for a total transaction of $2,069,229.82. Following the completion of the sale, the vice president now owns 227,654 shares of the company’s stock, valued at approximately $10,931,945.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $51.98 on Monday. The company has a quick ratio of 2.57, a current ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems, Inc. has a 52 week low of $22.34 and a 52 week high of $52.30. The stock has a market capitalization of $5.67 billion, a PE ratio of -56.50 and a beta of 0.83. The firm has a 50 day moving average of $45.32 and a two-hundred day moving average of $37.03.

Hedge Funds Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRNS. Raymond James & Associates raised its holdings in shares of Varonis Systems by 24.7% in the 1st quarter. Raymond James & Associates now owns 41,783 shares of the technology company’s stock valued at $1,986,000 after purchasing an additional 8,272 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Varonis Systems by 3.9% in the 1st quarter. Bank of New York Mellon Corp now owns 495,160 shares of the technology company’s stock valued at $23,540,000 after purchasing an additional 18,813 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Varonis Systems by 91.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,096 shares of the technology company’s stock valued at $99,000 after purchasing an additional 1,003 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Varonis Systems by 56.9% in the 1st quarter. MetLife Investment Management LLC now owns 56,965 shares of the technology company’s stock valued at $2,708,000 after purchasing an additional 20,660 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Varonis Systems by 0.7% in the 1st quarter. Rhumbline Advisers now owns 112,981 shares of the technology company’s stock valued at $5,371,000 after purchasing an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNS has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $63.00 price target on shares of Varonis Systems in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their price target on shares of Varonis Systems from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Piper Sandler increased their price target on shares of Varonis Systems from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Wells Fargo & Company increased their price target on shares of Varonis Systems from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada increased their price target on shares of Varonis Systems from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.40.

Check Out Our Latest Research Report on Varonis Systems

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; source code, strategic and product plans; and other intellectual property.

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