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

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

Institutional Trading of Varonis Systems

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

Varonis Systems Stock Performance

VRNS traded up $3.79 during trading on Tuesday, hitting $36.50. The 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 PE ratio of -31.89 and a beta of 0.89. Varonis Systems has a 12 month low of $19.70 and a 12 month high of $63.90. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.00. The company has a 50 day simple moving average of $29.18 and a 200-day simple moving average of $28.54.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Tuesday, April 28th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $173.13 million during the quarter, compared to analyst estimates 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. Analysts expect that Varonis Systems will post -1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VRNS shares. DA Davidson upped their price objective on shares of Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Rosenblatt Securities initiated coverage on Varonis Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price on the stock. Stephens boosted their price target on Varonis Systems from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Varonis Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Barclays increased their price objective on Varonis Systems from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus price target of $41.55.

About Varonis Systems

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.