Yahoo Finance Senior Vice President of Worldwide Sales James O'Boyle Just Bought 15% More Shares In Varonis Systems, Inc. (NASDAQ:VRNS)
Those following along with Varonis Systems, Inc. (NASDAQ:VRNS) will no doubt be intrigued by the recent purchase of shares by James O'Boyle, Senior Vice President of Worldwide Sales of the company, who spent a stonking US$1.0m on stock at an average price of US$16.72. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 15%.
See our latest analysis for Varonis Systems
The Last 12 Months Of Insider Transactions At Varonis Systems
Notably, that recent purchase by James O'Boyle is the biggest insider purchase of Varonis Systems shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$21.59. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 100.07k shares for US$1.7m. But insiders sold 10.81k shares worth US$394k. In the last twelve months there was more buying than selling by Varonis Systems insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Varonis Systems Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Varonis Systems insiders own about US$59m worth of shares. That equates to 2.5% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Varonis Systems Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Varonis Systems shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Varonis Systems has 3 warning signs we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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