Can anything shut down the Gold rally?
Varonis Systems (NASDAQ:VRNS), a $6.55 billion cybersecurity company with impressive gross profit margins of 81.46%, saw its Chief Financial Officer (CFO) and Chief Operating Officer (COO) Guy Melamed sell 42,705 shares of the company’s common stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, the stock is currently trading near its 52-week high.
The shares were sold at a weighted average price of $57.72, with individual sales prices ranging from $57.50 to $57.99. The total value of the shares sold amounted to $2,464,932. Following the transaction, Melamed directly owns 427,897 shares of Varonis Systems . The stock has shown strong momentum, gaining 10.65% in the past week and 32.45% over the last six months. Get deeper insights into VRNS’s valuation and 13 additional key metrics with InvestingPro’s comprehensive research report.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Melamed in 2024.
In other recent news, Varonis Systems reported its second-quarter 2025 earnings, surpassing market expectations with an earnings per share (EPS) of $0.03, compared to the forecasted $0.01. The company’s revenue also exceeded predictions, reaching $152.2 million against the anticipated $148 million. Varonis has made significant strides in its Software-as-a-Service (SaaS) transition, with SaaS now representing 69% of its annual recurring revenue (ARR). The company aims to increase this to 82% by the end of the year. Cantor Fitzgerald has raised its price target for Varonis to $63.00, maintaining an Overweight rating due to the strong SaaS transition. RBC Capital also increased its price target to $64.00, citing the 19% growth in ARR. Needham has further raised the price target to $70.00, maintaining a Buy rating and highlighting management’s confidence in the SaaS migration. These developments reflect a positive outlook from analysts on Varonis’ recent performance and strategic direction.
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