Varonis Systems Inc (VRNS) Files Form 4 Insider Selling : Yakov Faitelson Sells 13,925 Shares

Varonis Systems Inc (VRNS): Yakov Faitelson , CEO, President, Chairman of Varonis Systems Inc sold 13,925 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $26.00 per share for a total value of $362,050.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, James O’boyle (SVP of Worldwide Sales) sold 8,000 shares at $24.40 per share price.On May 10, 2016, Thomas F Mendoza (director) sold 2,350 shares at $20.66 per share price.Also, On Mar 7, 2016, Yakov Faitelson (CEO, President, Chairman) sold 35,000 shares at $18.90 per share price.On Mar 4, 2016, Ohad Korkus (Chief Technology Officer) sold 33,000 shares at $18.83 per share price.

Varonis Systems Inc: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Varonis Systems Inc which led to swings in the share price. The shares opened for trading at $25.81 and hit $26 on the upside , eventually ending the session at $25.87, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 1,06,367 shares. The 52-week high of the share price is $26 and the company has a market cap of $678 M . The 52-week low of the share price is at $13.25.

Varonis Systems Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Varonis Systems Inc is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 .The Rating was issued on May 16, 2016.

Varonis Systems Inc. provides a software platform that allows enterprises to map analyze manage and their unstructured data. The Company specializes in human-generated data a type of unstructured data that includes an enterprise’s spreadsheets word processing documents presentations audio files video files e-mails text messages and any other data created by employees. Its product portfolio includes DatAdvantage DataPrivilege IDU Classification Framework Data Transport Engine DatAnywhere and DatAnswers. Its Metadata Framework is a technology platform that extracts metadata from an enterprise’s information technology (IT) infrastructure and uses this information to map functional relationships among employees data objects content and usage. IT and business personnel deploy its software for a variety of use cases including data governance data security archiving file synchronization mobile data accessibility and information collaboration.

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