A Director at Varonis Systems (VRNS) is Buying Shares


Yesterday, a Director at Varonis Systems (NASDAQ: VRNS), Gili Iohan, bought shares of VRNS for $9,375.

Following Gili Iohan’s last VRNS Buy transaction on March 28, 2018, the stock climbed by 17.0%. This recent transaction increases Gili Iohan’s holding in the company by 13.59% to a total of $2.78 million.

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Based on Varonis Systems’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $53.53 million and GAAP net loss of $15.05 million. In comparison, last year the company earned revenue of $40.38 million and had a GAAP net loss of $10.88 million. Currently, Varonis Systems has an average volume of 232.7K. The Company has a Price to Book ratio of 20.7549.

13 different firms, including Barclays and D.A. Davidson, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VRNS with a $78 price target. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $75.38, reflecting a 1.0% upside.

The insider sentiment on Varonis Systems has been positive according to 71 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Gili Iohan’s trades have generated a 28.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Varonis Systems, Inc. engages in the provision of data security and analytics. It operates through the following segments: United States, EMEA, and Rest of the World. Its products includes datadvantage, data classification engine, data transport engine, Varonis edge, datanswers, datalert, dataprivilege, automation engine, and GDPR patterns. The company was founded by Yaki Faitelson and Ohad Korkus on November 3, 2004 and is headquartered in New York, NY.

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