Wednesday 9/11 Insider Buying Report: VRNS, CVNA

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy: they expect to make money. So let’s look at two notable recent insider buys.

On Monday, Varonis System’s senior vice president of global sales, James O’boyle, bought VRNS for $1.00 million, buying 60,000 shares at a price of $16.72 apiece. O’boyle was up around 10.4% long at the high point of today’s trading session, with VRNS trading as low as $18.46 when last checked today. today. Varonis System is trading down around 3.5% on Wednesday.

And also on Monday, director Michael E. Maroone bought Carvana for $861,000, buying 100,000 shares at $8.61 apiece. Prior to this latest purchase, Maroone made another purchase in the past twelve months, purchasing $2.62 million in shares at a cost of $104.77 each. Carvana is trading up around 3.8% on Wednesday. Bargain hunters can grab CVNA at an even lower price than Maroone, with the stock trading at $7.26 at last check today, 15.7% below the price of purchase of Maroone.

VIDEO: Wednesday 9/11 Insider Buying Report: VRNS, CVNA

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Comments are closed.