Varonis Systems Inc (VRNS) Files Form 4 Insider Selling : Yakov Faitelson Sells 6,470 Shares

Varonis Systems Inc (VRNS): Yakov Faitelson , CEO, President, Chairman of Varonis Systems Inc sold 6,470 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $26.05 per share for a total value of $168,543.50 , 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 14, 2016, Ohad Korkus (Chief Technology Officer) sold 5,647 shares at $26.05 per share price.On Jun 8, 2016, Yakov Faitelson (CEO, President, Chairman) sold 13,925 shares at $26.00 per share price.Also, 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.

Shares of Varonis Systems Inc (VRNS) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.75 points or -2.89% at $25.24 with 1,82,279 shares getting traded. Post opening the session at $25.99, the shares hit an intraday low of $25.22 and an intraday high of $26.14 and the price vacillated in this range throughout the day. The company has a market cap of $662 M and the number of outstanding shares has been calculated to be 2,62,12,572 shares. The 52-week high of Varonis Systems Inc is $26.14 and the 52-week low is $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.

Leave a Reply

Varonis Systems Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Varonis Systems Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.