Investors Buy High Volume of Put Options on Varonis Systems (NASDAQ:VRNS)
by Michael Walen · The Markets DailyVaronis Systems, Inc. (NASDAQ:VRNS – Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 8,459 put options on the stock. This represents an increase of 506% compared to the average daily volume of 1,397 put options.
Varonis Systems Stock Up 3.0%
VRNS stock traded up $1.36 on Tuesday, hitting $47.03. 1,316,009 shares of the company’s stock were exchanged, compared to its average volume of 2,771,686. The firm has a 50 day moving average price of $32.64 and a two-hundred day moving average price of $29.12. Varonis Systems has a 12-month low of $19.70 and a 12-month high of $63.90. The stock has a market cap of $5.40 billion, a P/E ratio of -41.14 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69.
Varonis Systems (NASDAQ:VRNS – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. Varonis Systems had a negative return on equity of 20.27% and a negative net margin of 19.75%.The company had revenue of $173.13 million during the quarter, compared to analysts’ expectations of $165.52 million. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Varonis Systems will post -1.04 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on VRNS. Weiss Ratings upgraded shares of Varonis Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 30th. KeyCorp started coverage on shares of Varonis Systems in a research report on Tuesday, May 26th. They issued a “sector weight” rating for the company. William Blair reiterated a “market perform” rating on shares of Varonis Systems in a research note on Monday, March 23rd. Needham & Company LLC boosted their price objective on shares of Varonis Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Rosenblatt Securities began coverage on Varonis Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.15.
Get Our Latest Report on Varonis Systems
Institutional Trading of Varonis Systems
Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Varonis Systems in the 1st quarter valued at about $233,000. Caxton Associates LLP purchased a new position in Varonis Systems during the first quarter valued at approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Varonis Systems by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 619,257 shares of the technology company’s stock valued at $25,049,000 after acquiring an additional 64,636 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Varonis Systems by 2.8% in the second quarter. Russell Investments Group Ltd. now owns 22,811 shares of the technology company’s stock valued at $1,158,000 after acquiring an additional 628 shares during the period. Finally, Invesco Ltd. lifted its holdings in Varonis Systems by 8.6% in the second 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 period. Hedge funds and other institutional investors own 95.65% of the company’s stock.
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.