Wednesday, September 20, 2017 10:15 PM ET
Varonis Systems (VRNS) sees Significant Insider Sales Extending the Trend of Last Quarter
Three insiders — Yakov Faitelson, Director and Officer, Ohad Korkus, Director and Officer, and James O’Boyle, Officer — today, sold 209,173 shares of Varonis Systems having a market value of approximately $8,536,460, as disclosed in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 288,121 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 497,294 shares and have averaged 71,042 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Varonis Systems is above the 62-company peer group average. Enterprise Software peer group saw 171 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Varonis Systems insiders was also higher. Within the peer group there were 972,550 shares purchased and 7,659,216 shares sold with company insiders disposing of 39,103 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in composing and writing this story.
Today’s Insider Activity
* Yakov Faitelson, Director and Officer, sold 70,842 shares
* Ohad Korkus, Director and Officer, sold 98,331 shares
* James O’Boyle, Officer, sold 40,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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