VRNS NASDAQ Week ended 31 Jul 2026

Weekly Investor Report

Varonis Systems · Technology · Software - Infrastructure

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Latest close 39.95 USD
-12.7% latest week
Weekly setup

Mixed setup

The weekly trend is active. Price is 29.9% above the Trend Line and sits at 45.8% of its 52-week range. The latest completed week returned -12.7%, after a -6.8% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is expensive relative to peers. Options positioning is bearish with 44/100 conviction, while the latest news-sentiment score is 58/100. Near-term considerations: earnings are due in 2d.

Setup score 51 out of 100
Latest Close 39.95 USD 31 Jul 2026
1W Return -12.7% latest completed week
4W Return -6.8% short-term follow-through
12W Return 40.0% quarterly tape
Trend Breadth 34.6% 18 of 52 weeks active
Volume Ratio 1.4x vs 13-week average
What is working
  • The trend backdrop is active with a 5-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Activity pressure is positive on the latest completed week.
  • Next-week expectancy is positive at 63.16% based on similar historical setup states.
What could go wrong
  • Price is below Fair Value, so the market is still discounting the latest tape.
  • The share remains more than 20% below its 52-week high.
  • The latest week was a sharp negative move.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -12.7% Latest completed week; four-week move -6.8%. Indicator stack 36/79 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 63.16% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Bearish 44/100 conviction; expected move 15.1%. News sentiment 58/100 60 relevant articles in the latest sentiment read. Event risk 2d Next report is scheduled for 04 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 29.9% above the Trend Line and sits at 45.8% of its 52-week range. The latest completed week returned -12.7%, after a -6.8% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.4x the 13-week average. Participation is around or above normal and provides reasonable confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.7312-week average 0.41

12-week confirmation

Trend active5/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership2/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.73Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -6.8% over four weeks, 40.0% over 12 weeks, and -27.0% over one year. The current trend has remained active for 5 consecutive weeks.

Performance by holding period

1W-12.7%
4W-6.8%
12W40.0%
26W33.9%
52W-27.0%
Active trend streak5 weeks
Active weeks in one year18
Trend breadth34.6%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.55Latest activity-pressure read.
Pressure change9.8%Four-week change in activity pressure.
Leadership-3.59Latest relative-leadership reading.
RS change8.2%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 85% Model confidence 81%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength4/100Blend of value, momentum, and quality. Underlying universe rank 97; rank 1 is best.
Value10/100Relative valuation strength. Underlying universe rank 91; rank 1 is best.
Quality27/100Profitability and accounting quality. Underlying universe rank 74; rank 1 is best.
Momentum16/100Medium-term price momentum. Underlying universe rank 85; rank 1 is best.
Growth75/100Revenue and earnings growth. Underlying universe rank 26; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
-
Price divided by trailing earnings.
Price / sales
8.1x
Market value relative to trailing revenue.
EV / EBITDA
-
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
2.6%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
78.1%
Gross profit retained from each unit of revenue.
Operating margin
-18.9%
Operating profit retained from revenue.
Free-cash-flow margin
22.6%
Free cash flow generated from revenue.
Return on invested capital
-11.7%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
15.2%
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
10.2%
Latest one-year free-cash-flow growth.
Piotroski F-score
5/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
3.2%
Net share repurchases relative to market value.
Shareholder yield
3.2%
Dividend yield plus net buyback yield.
Net debt / EBITDA
-3.1x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningBearish

VRNS shows bearish options pressure with a 44/100 conviction score, put-call volume ratio of 2.27, expected move of 15.1%, and Sharemaestro trend signal active.

Conviction44/100
Expected move15.1%
Put/call volume2.27
Pressure-35
Speculation14
Volatility96
Trend agreement63
Open options detail
Insider activity10 / 2

10 acquisitions and 2 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment58/100

Weighted news tone is neutral across 60 relevant articles.

28 positive · 28 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings2dNext report is scheduled for 04 Aug 2026; event risk rises as the date approaches.
Options expected move15.1%Nearest-chain priced movement where available.
52-week drawdown-37.5%Distance below the 52-week high.
13-week volatility8.0%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher16 of 2610 weeks finished lower.
Best week+20.7%Week of 26 Jun.
Worst week-24.1%Week of 6 Feb.
Latest week-12.7%Week of 31 Jul.

Shape of recent returns

Strong gains11
Modest gains5
Flat weeks0
Modest losses4
Sharp losses6
Recent vol8.0%13-week weekly-return volatility.
Base vol10.1%52-week weekly-return volatility.
Up/down split28/24Count of positive and negative weeks in the 52-week window.
Average skew6.4% / -7.5%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape49/100

Trend, activity pressure, participation, and risk combine to a 49/100 tape read.

 Indicator analysis56/100

Latest 12-week confirmation: trend 5/12, activity pressure 12/12, relative leadership 2/12.

Activity pressure 0.73; No reversal markers Next-Week ExpectancyPositive 63.16%

Next-week expectancy is positive with a 63.16% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors13/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 17; Small Cap Core rank 87 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options46/100

VRNS shows bearish options pressure with a 44/100 conviction score, put-call volume ratio of 2.27, expected move of 15.1%, and Sharemaestro trend signal active.

Bearish · Put-side pressure · Expected move 15.1% Sentiment58/100

Weighted news tone is neutral across 60 relevant articles.

Bank of New York Mellon Corp Acquires 80,743 Shares of Varonis Systems, Inc. $VRNS Insiders10 / 2

10 acquisitions and 2 disposals in the latest 180-day insider tape.

 Earnings2d

Next report is scheduled for 04 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202639.95 USD-12.7%30.75 USD42.71 USD1.55-3.5915.2MOn
24 Jul 202645.74 USD-3.8%30.49 USD42.65 USD1.659.556.9MOn
17 Jul 202647.54 USD6.8%30.08 USD42.53 USD1.7410.9910.4MOn
10 Jul 202644.53 USD3.9%29.61 USD42.40 USD1.57-1.0810.7MOn
3 Jul 202642.86 USD6.4%29.25 USD42.28 USD1.41-3.918.0MOn
26 Jun 202640.30 USD20.7%28.83 USD42.17 USD1.30-9.7723.4MOff
19 Jun 202633.38 USD0.1%28.59 USD42.09 USD1.14-29.376.6MOff
12 Jun 202633.34 USD2.0%28.52 USD42.03 USD1.21-28.615.3MOff
5 Jun 202632.69 USD-4.3%28.53 USD41.99 USD1.20-29.389.1MOff
29 May 202634.15 USD10.2%28.58 USD41.94 USD1.21-30.558.2MOff
22 May 202631.00 USD10.0%28.62 USD41.89 USD1.09-35.9811.1MOff
15 May 202628.18 USD-1.2%29.66 USD41.86 USD0.84-41.917.7MOff
8 May 202628.53 USD7.7%30.74 USD41.84 USD0.57-42.1816.8MOff
1 May 202626.50 USD8.0%31.83 USD41.81 USD0.12-44.1619.9MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.