On November 13, 2024, Guy Melamed, Chief Financial Officer and Chief Operating Officer of Varonis Systems Inc (VRNS, Financial), executed a sale of 91,345 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 504,598 shares of Varonis Systems Inc.
Varonis Systems Inc specializes in data security and analytics, focusing on software solutions that protect data from insider threats and cyberattacks. The company's products are used to ensure the security of sensitive information and to meet compliance requirements.
Over the past year, Guy Melamed has sold a total of 279,848 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend within Varonis Systems Inc, where there have been 11 insider sells and only 1 insider buy over the past year.
Shares of Varonis Systems Inc were trading at $53.7 on the day of the transaction. The company has a market cap of approximately $5.745 billion. According to the GF Value, the intrinsic value estimate for the stock is $44.31, which suggests that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.21.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This insider sell event by Guy Melamed may be of interest to investors tracking insider behaviors and the valuation levels of Varonis Systems Inc, especially considering the stock's current market valuation and trading status.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
