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EdgarHawk

O'Boyle James

Vice Chairman - Sales

Officer
2 filings analyzed · 1 company · Latest 2024-10-16

Companies

Company Buys Sells Direction
VARONIS SYSTEMS INC VRNS 0 3 Net selling

Activity

October 2024
2024-10-16 VARONIS SYSTEMS INC VRNS
low
Sell
50,000 shares
$2,988,000
Significance 4/10

Vice Chairman O'Boyle sold 50,000 VRNS shares at $59.76 for $3.0M; now holds 444.1K shares. Stock at $58.97.

O'Boyle sold 50,000 shares (444.1K remaining) near the 52-week high of $59.98, with the stock up 24.1% over 90 days and +9.4% over 30 days. At VRNS specifically, his prior 3 measurable 90-day sell outcomes all resulted in positive returns (+7.3%, +7.9%, +7.5%), meaning the stock rose after he sold—a 0% well-timed rate at this ticker. Across his broader open-market history, his 5 prior sells averaged a 7.6% 90-day return with a 0.00% well-timed rate, indicating a consistent pattern of selling before rallies rather than declines. Against this backdrop, the company is unprofitable (net income -$23.9M in the latest quarter) despite 5.4% annual revenue growth, introducing execution risk despite the recent stock momentum.

August 2024
2024-08-08 VARONIS SYSTEMS INC VRNS
medium
Sell
75,000 shares
$3,828,055
Significance 5/10

Vice Chairman O'Boyle sold 75,000 VRNS shares (75.0K) for $3,828,054.70 at blended $51.04 on 2024-08-06

O'Boyle executed 2 separate sales totaling 75,000 shares for $3,828,054.70, reducing his holdings from 569,114 to 494,114 shares (-13.2%). The sale occurred at $51.04 blended average, below the current price of $53.75. At VRNS specifically, O'Boyle's 3 prior open-market sales (all in December 2023) were followed by positive 90-day returns averaging +7.6%, meaning the stock rose after those sales — a pattern of poorly-timed exits that mirrors his cross-ticker record of 0.00% well-timed sell rate. The company remains unprofitable (full-year net income negative, recent quarterly net income $-23,948,000.00) despite 5.4% annual revenue growth, creating a backdrop of execution challenges offsetting top-line momentum. This latest sale extends a consistent pattern of discretionary stock dispositions that have not preceded price declines.

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