A Director at Varonis Systems (NASDAQ: VRNS) is Buying Shares

By Carrie Williams

On November 13, a Director at Varonis Systems (NASDAQ: VRNS), Gili Iohan, bought shares of VRNS for $158.

Following Gili Iohan’s last VRNS Buy transaction on September 11, 2017, the stock climbed by 9.3%. In addition to Gili Iohan, one other VRNS executive reported Buy trades in the last month.

Based on Varonis Systems’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $53.6 million and GAAP net loss of $3.31 million. In comparison, last year the company earned revenue of $40.94 million and had a GAAP net loss of $4.39 million. The company has a one-year high of $51.70 and a one-year low of $24.75. Currently, Varonis Systems has an average volume of 174K.

10 different firms, including Barclays and Deutsche Bank, currently also have a Buy rating on the stock. Starting in September 2017, VRNS received 10 Buy ratings in a row. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy VRNS with a $44 price target.

In the last 30 days, insiders have sold $4,949 worth of VRNS shares and purchased $199.7K worth of VRNS shares. The insider sentiment on Varonis Systems has been positive according to 100 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 44.8% 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. provides innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. It operates through the following segments: United States, EMEA, and Rest of the World.