Multiple Firms Seek Varonis Investors for Securities Class Action After ARR Miss

Overview

• A securities class action has been filed on behalf of Varonis shareholders who purchased stock between February 4, 2025 and October 28, 2025.
• Filings allege the company and senior executives misled investors about converting on‑premises customers to SaaS, undercutting near‑term annual recurring revenue growth.
• The case cites Varonis’ October 28, 2025 disclosure of an ARR shortfall, reduced full‑year guidance, weaker renewals and conversions, an end‑of‑life for the self‑hosted product, and a 5% workforce reduction.
• Varonis shares fell from $63.00 on October 28, 2025 to $32.34 on October 29, 2025, a one‑day decline of more than 48%.
• Berger Montague, The Gross Law Firm, Rosen Law Firm, and Bernstein Liebhard are soliciting claimants, the suit is in the early stages in the Southern District of New York, and no class has been certified.