Grabar Law Office is investigating claims on behalf of shareholders of Varonis Systems, Inc. (NASDAQ: VRNS). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Varonis Systems, Inc. provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world. Its software protects structured and unstructured data in SaaS, IaaS, and on-premises. In the cloud, the company secures data and resources in AWS , Microsoft Azure, and Google Cloud and in SaaS applications including Salesforce, Snowflake, ServiceNow, Microsoft 365, Google Drive, Box, and others; and on-premises, it supports Windows, NAS, and Linux storage. In addition, it offers Varonis' Managed Data Detection and Response service that identifies threats to data. It uses AI-powered detection technology to investigate and respond to threats. The company works with organizations that include financial services, healthcare, manufacturing, technology, insurance, energy and utilities, consumer and retail, education, construction, and the public sector.

WHY? As alleged in an underlying securities fraud class action complaint, Varonis Systems, Inc. (NASDAQ: VRNS), through certain of its officers, provided investors with materially false or misleading information concerning Varonis’ expected annual recurring revenue (“ARR”) for the fiscal year 2025. Defendants’ statements included, among other things, confidence in the Company’s ability to maintain ARR projections while converting both its federal and non-federal existing on-prem customers to the software-asa-service (“SaaS”) alternative offering. Such statements were made while failing to disclose material adverse facts concerning the true state of Varonis’ ability to convert its existing customer base; notably, that it was not truly equipped to convince existing users of the benefits of converting to the SaaS offering or otherwise maintain those customers on its platform, resulting in significantly reduced ARR growth potential in the near-term.  When Varonis announced its financial results for the third quarter of fiscal 2025, disclosing a significant miss to ARR and reducing its projections for the full fiscal year 2025, the stock suffered a massive single-day decline of over 48%.

WHAT YOU CAN DO NOW: If you purchased Varonis Systems, Inc. (NASDAQ: VRNS), prior to February 4, 2025, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.  Alternatively, if you purchased shares between February 4, 2025, and October 28, 2025, you can participate in the class action.