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

Varonis Systems, Inc. (NASDAQ:VRNS) was the target of unusually large options trading on Thursday. Stock traders bought 3,109 call options on the stock. This is an increase of approximately 206% compared to the average daily volume of 1,017 call options.

Varonis Systems Trading Up 0.5%

VRNS opened at $33.42 on Friday. 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 fifty-two week low of $30.02 and a fifty-two week high of $63.90. The firm has a market capitalization of $3.94 billion, a PE ratio of -32.76 and a beta of 0.64. The company’s 50-day moving average is $40.00 and its 200 day moving average is $49.62.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $161.58 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. Varonis Systems has set its Q4 2025 guidance at 0.020-0.04 EPS. As a group, research analysts predict that Varonis Systems will post -0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Varonis Systems

Several large investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its stake 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 acquiring an additional 317 shares in the last quarter. Allworth Financial LP boosted its holdings in Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock worth $40,000 after purchasing an additional 463 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Varonis Systems during the third quarter worth about $42,000. Quarry LP grew its position in Varonis Systems by 31.8% in the 1st quarter. Quarry LP now owns 1,082 shares of the technology company’s stock worth $44,000 after purchasing an additional 261 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in Varonis Systems in the 3rd quarter valued at about $45,000. 95.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRNS. Needham & Company LLC cut their price target on Varonis Systems from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. B. Riley began coverage on shares of Varonis Systems in a research report on Tuesday, August 26th. They set a “buy” rating and a $80.00 target price on the stock. DA Davidson cut their target price on shares of Varonis Systems from $55.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Barclays lifted their price target on shares of Varonis Systems from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, TD Cowen upped their price objective on shares of Varonis Systems from $62.00 to $68.00 and gave the company a “buy” rating in a report on Friday, October 17th. Sixteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.79.

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.