Traders Buy High Volume of Varonis Systems Put Options (NASDAQ:VRNS)

Varonis Systems, Inc. (NASDAQ:VRNS) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 8,459 put options on the stock. This is an increase of 506% compared to the average daily volume of 1,397 put options.

Varonis Systems Price Performance

NASDAQ VRNS traded up $1.36 during mid-day trading on Tuesday, hitting $47.03. The stock had a trading volume of 1,316,009 shares, compared to its average volume of 2,771,686. The firm’s 50 day moving average is $32.64 and its 200 day moving average is $29.12. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of -41.14 and a beta of 0.83. Varonis Systems has a twelve month low of $19.70 and a twelve month 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 the consensus estimate 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 company’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. Equities research analysts forecast that Varonis Systems will post -1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Varonis Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Varonis Systems during the first quarter worth approximately $233,000. Caxton Associates LLP acquired a new stake in shares of Varonis Systems in the 1st quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Varonis Systems by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock worth $25,049,000 after acquiring an additional 64,636 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Varonis Systems by 2.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock worth $1,158,000 after acquiring an additional 628 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Varonis Systems by 8.6% during the 2nd quarter. Invesco Ltd. now owns 96,536 shares of the technology company’s stock valued at $4,899,000 after acquiring an additional 7,618 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. UBS Group upped their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company increased their target price on shares of Varonis Systems from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Citigroup raised their target price on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price target on Varonis Systems from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.15.

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.