search icon
      blog search icon

      Varonis (VRNS) Stock: Steadfast Even After Insider Divesture

      By Fahim Awan

      Published on

      December 27, 2023

      12:35 PM UTC

      Varonis (VRNS) Stock: Steadfast Even After Insider Divesture

      Varonis Systems, Inc. (NASDAQ: VRNS) shares concluded the trading session on Tuesday, stabilizing at $45.43 after a marginal uptick of 0.75%. The steadiness observed in Varonis’ stock persisted despite a recent insider selling transaction.

      In a submission to the Securities and Exchange Commission (SEC) yesterday, it was disclosed that James O’Boyle, Senior Vice President of Worldwide Sales at Varonis (VRNS), divested 7,859 of the company’s shares. The executive executed the transaction at $45.51 per share, yielding gross proceeds of $357,663. In view of this development, it appears that recent events at VRNS have endowed the stock with a capacity for resilience.

      Varonis recently introduced its Data Security Platform on Salesforce AppExchange, a preeminent enterprise marketplace for partner applications and experts. Varonis empowers organizations to safeguard crucial customer data within the world’s leading Customer Relationship Management (CRM) system by furnishing profound visibility, threat detection, and incident response capabilities.

      While Salesforce incorporates security by design, end-user organizations bear the responsibility of ensuring the security of their own data against cyber threats. VRNS enhances Salesforce Shield, the native security solution of the CRM leader, by delivering robust threat detection and prevention, data encryption, and investigative capabilities to guarantee the security and compliance of sensitive data with privacy regulations.

      Organizations can now effortlessly request a demonstration of Varonis or a Data Risk Assessment directly on Salesforce AppExchange. Varonis has collaborated with Salesforce to equip organizations with tools and expertise to safeguard their most invaluable asset—customer data. Through this collaboration, VRNS assures customers that their mission-critical information is shielded from cyber threats.

      VRNS also this month attained compliance with the Payment Card Industry Data Security Standard (PCI DSS) and the Health Insurance Portability and Accountability Act (HIPAA). These recent certifications underscore the company’s persistent commitment to data security, confidentiality, and privacy.

      Varonis adheres to stringent industry standards, including ISO 27001, 27017, 27018, and 27701, Service Organization Control (SOC) 2 Type 2, Cyber Essentials, and CSA’s STAR Level 1 security assessment.

      More From Stocks telegraph