Varonis Investors Face March 9 Lead Plaintiff Deadline in Securities Class Action
Investors must decide whether to seek leadership in an SDNY case that claims Varonis misled the market about SaaS conversions and ARR resilience.
Overview
- A class action has been filed in the Southern District of New York covering purchases of Varonis stock between February 4 or 5, 2025 and October 28, 2025.
- The complaints allege materially false or misleading statements about the company’s ability to convert on‑premises customers to SaaS and to maintain annual recurring revenue.
- Filings also contend the company downplayed risks from seasonality and macro conditions and overstated sales execution on SaaS conversions.
- The case cites Varonis’ October 28, 2025 disclosure of a Q3 ARR miss, reduced full‑year guidance, end‑of‑life for its self‑hosted product, and a 5% headcount reduction.
- Varonis shares fell about 48.67% the next day to $32.34, multiple investor-rights firms are soliciting participants, and no class has been certified yet.