Varonis Systems Target of Unusually High Options Trading (NASDAQ:VRNS)

Varonis Systems, Inc. (NASDAQ:VRNS) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 16,155 call options on the stock. This represents an increase of 1,856% compared to the average daily volume of 826 call options.

Varonis Systems Stock Performance

Varonis Systems stock traded up $3.79 on Tuesday, hitting $36.50. The company’s stock had a trading volume of 5,295,651 shares, compared to its average volume of 2,721,758. The firm has a market cap of $4.19 billion, a P/E ratio of -31.89 and a beta of 0.89. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average price of $29.18 and a 200-day moving average price of $28.54. Varonis Systems has a one year low of $19.70 and a one year high of $63.90.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. The company had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. Varonis Systems had a negative net margin of 19.75% and a negative return on equity of 20.27%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Varonis Systems has set its FY 2026 guidance at 0.110-0.120 EPS and its Q2 2026 guidance at 0.000-0.010 EPS. On average, equities analysts anticipate that Varonis Systems will post -1.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its stake in Varonis Systems by 26.2% during the first quarter. Pacer Advisors Inc. now owns 14,688 shares of the technology company’s stock worth $315,000 after purchasing an additional 3,051 shares during the period. Parallel Advisors LLC grew its stake in shares of Varonis Systems by 1,025.4% in the 1st quarter. Parallel Advisors LLC now owns 3,320 shares of the technology company’s stock valued at $71,000 after purchasing an additional 3,025 shares during the period. Essential Partners LLC raised its holdings in shares of Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock worth $44,000 after buying an additional 863 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Varonis Systems by 23.5% in the 1st quarter. Janus Henderson Group PLC now owns 58,248 shares of the technology company’s stock worth $1,251,000 after buying an additional 11,100 shares in the last quarter. Finally, Amundi lifted its position in shares of Varonis Systems by 96.1% during the 1st quarter. Amundi now owns 25,663 shares of the technology company’s stock worth $551,000 after buying an additional 12,577 shares during the period. Institutional investors own 95.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VRNS. Royal Bank Of Canada raised their price target on shares of Varonis Systems from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Varonis Systems in a research report on Monday, May 4th. Susquehanna increased their target price on shares of Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. DA Davidson lifted their target price on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company boosted their price target on Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.55.

Varonis Systems Company Profile

Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.

Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.