Veronis Systems Inc – (VRNS, +1, December 13th)
Guy Melamed (CFO and COO since 2017) purchased $500,000 worth of stock on December 8th at $20.50, increasing his holdings by 5% to 490,351 shares. Despite a five-year tenure this is only his second purchase, following a $250,000 purchase in early November at $17.50.
We ranked this stock +N on November 8th based on a cluster of buying around $17 per share from Melamed, along with James O’Boyle (SVP Worldwide Sales joined 2010) and Yaki Faitelson (Chair & CEO, joined 2004).
Faitelson made a follow-on purchase on November 14th at $20.88, and now with the CFO’s purchase, we have two key insiders paying a higher price for the shares. These three buyers are new to the company yet none had purchased shares before November.
We are upgrading the stock further, from +N to +1.