Asahi shares mark weekly slide after cyberattack halts production
Guy Melamed, Chief Financial Officer and Chief Operating Officer of Varonis Systems Inc NASDAQ:VRNS, sold 5,392 shares of common stock on August 28 and 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the cybersecurity firm’s stock trades near its 52-week high of $60.58, having gained over 36% in the past six months. According to InvestingPro analysis, the company, currently valued at $6.61 billion, appears to be trading above its Fair Value.
The sales, totaling $321036, were executed in two separate transactions. On August 28, Melamed sold 3,892 shares at an average price of $59.52, with prices ranging from $59.50 to $59.60. The following day, August 29, he sold an additional 1,500 shares at an average price of $59.59, with prices ranging from $59.50 to $59.69. The company maintains impressive gross profit margins of 81.46%, and analysts expect it to turn profitable this year.
Following these transactions, Melamed directly owns 412,105 shares of Varonis Systems Inc. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted in 2024. For deeper insights into VRNS’s valuation and financial health metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Varonis Systems reported strong second-quarter 2025 results, surpassing consensus expectations for revenue, annual recurring revenue (ARR), and free cash flow. The company is making significant progress in its transition to a Software-as-a-Service (SaaS) model, with SaaS now comprising 69% of ARR and a target of reaching 82% by the end of the year. Following these results, several analyst firms have adjusted their outlooks for Varonis. RBC Capital increased its price target from $58 to $64 while maintaining an Outperform rating, citing the company’s 19% ARR growth. Needham also raised its price target from $60 to $70, maintaining a Buy rating and highlighting the company’s strong quarterly performance and SaaS migration progress. Cantor Fitzgerald reiterated an Overweight rating and raised its price target to $63, emphasizing the company’s successful SaaS transition. B.Riley initiated coverage with a Buy rating and a price target of $80, noting robust demand for data security solutions. These developments indicate strong analyst confidence in Varonis Systems’ strategic direction and financial health.
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