Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Varonis Systems Inc (NASDAQ:VRNS) by 14.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,896 shares of the technology company’s stock after selling 976 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Varonis Systems were worth $286,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. CAPROCK Group Inc. purchased a new stake in shares of Varonis Systems during the 4th quarter worth about $220,000. Schmidt P J Investment Management Inc. purchased a new position in Varonis Systems in the 3rd quarter worth approximately $243,000. Cubist Systematic Strategies LLC purchased a new position in Varonis Systems in the 3rd quarter worth approximately $304,000. Voya Investment Management LLC purchased a new position in Varonis Systems in the 2nd quarter worth approximately $313,000. Finally, Macquarie Group Ltd. purchased a new position in Varonis Systems in the 3rd quarter worth approximately $381,000. Institutional investors and hedge funds own 85.34% of the company’s stock.
In other news, CFO Guy Melamed sold 897 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $48.95, for a total transaction of $43,908.15. Following the completion of the sale, the chief financial officer now directly owns 95,408 shares of the company’s stock, valued at $4,670,221.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yakov Faitelson sold 106,426 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $56.26, for a total value of $5,987,526.76. Following the sale, the chief executive officer now directly owns 246,789 shares of the company’s stock, valued at $13,884,349.14. The disclosure for this sale can be found here. Insiders have sold 224,634 shares of company stock valued at $12,824,716 in the last ninety days. Company insiders own 19.50% of the company’s stock.
Varonis Systems Inc (VRNS) opened at $57.65 on Wednesday. Varonis Systems Inc has a 52 week low of $26.35 and a 52 week high of $60.05. The firm has a market capitalization of $1,620.00, a PE ratio of -113.04 and a beta of 0.81.
Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, February 12th. The technology company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The business had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $66.29 million. During the same quarter last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. sell-side analysts predict that Varonis Systems Inc will post -0.77 earnings per share for the current fiscal year.
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Varonis Systems Company Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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