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.