Traders Purchase Large Volume of Varonis Systems Call Options (NASDAQ:VRNS)

Varonis Systems, Inc. (NASDAQ:VRNS) was the target of some unusual options trading on Thursday. Traders bought 3,109 call options on the company. This is an increase of 206% compared to the average volume of 1,017 call options.

Varonis Systems Price Performance

Shares of NASDAQ VRNS traded up $0.84 during mid-day trading on Thursday, hitting $33.50. 620,875 shares of the company’s stock traded hands, compared to its average volume of 1,746,548. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems has a 1 year low of $30.02 and a 1 year high of $63.90. The company’s 50-day moving average is $41.16 and its two-hundred day moving average is $49.85. The company has a market capitalization of $3.95 billion, a P/E ratio of -32.76 and a beta of 0.64.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $161.58 million during the quarter, compared to analyst estimates of $166.47 million. Varonis Systems had a negative return on equity of 21.91% and a negative net margin of 18.82%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. On average, equities analysts anticipate that Varonis Systems will post -0.83 EPS for the current fiscal year.

Analyst Ratings Changes

VRNS has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Varonis Systems from $70.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Citigroup dropped their price target on Varonis Systems from $58.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Zacks Research raised shares of Varonis Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Cantor Fitzgerald set a $60.00 target price on shares of Varonis Systems and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Truist Financial reiterated a “buy” rating and issued a $50.00 price target (down from $70.00) on shares of Varonis Systems in a report on Wednesday, October 29th. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.79.

Institutional Investors Weigh In On Varonis Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Varonis Systems by 179.1% in the 2nd quarter. Bessemer Group Inc. now owns 494 shares of the technology company’s stock worth $25,000 after buying an additional 317 shares during the last quarter. Allworth Financial LP increased its stake in shares of Varonis Systems by 201.3% in the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after acquiring an additional 463 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Varonis Systems during the 3rd quarter valued at about $42,000. First Horizon Corp purchased a new stake in Varonis Systems in the 3rd quarter worth approximately $45,000. Finally, Westside Investment Management Inc. raised its holdings in Varonis Systems by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 844 shares of the technology company’s stock worth $49,000 after purchasing an additional 422 shares during the period. 95.65% of the stock is owned by institutional investors.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.