Significant Insider Selling Continues at Varonis Systems (VRNS)

Friday, September 22, 2017 10:15 PM ET

Significant Insider Selling Continues at Varonis Systems (VRNS)

An insider — Yakov Faitelson, Director and Officer — sold 29,158 shares of Varonis Systems having a market value of approximately $1,226,021 today, as revealed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 384,829 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 413,987 shares and have averaged 82,797 shares per transaction over this time period.

The number of insider buy/sell trades at Varonis Systems is greater than the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 177 buy/sell trades during this period for an average of 2.9 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 7,621,941 shares sold with company insiders selling 37,567 shares on average.

Significant insider buying and selling activity 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 data sourced in evaluating and writing this story.

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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