The Gross Law Firm has initiated a class action lawsuit on behalf of Varonis Systems, Inc. (VRNS) shareholders who sustained losses following a significant market decline. On October 29, 2025, Varonis shares plummeted 48.67% after the company disclosed materially missed annual recurring revenue (ARR) projections and underperformance in renewals and customer conversions, triggering the securities litigation.
The class action targets alleged violations of securities laws related to the disclosure failures. Shareholders who purchased Varonis stock during the relevant period and experienced losses may be eligible to participate in the litigation. The firm is actively seeking lead plaintiffs to represent the shareholder class, with applications due by March 9, 2026.
Varonis Systems joins other companies facing similar shareholder litigation, including BellRing Brands (BRBR) and Paysafe Limited (PSFE), which are also subject to separate class action notices issued by the same legal firm. Affected shareholders are encouraged to review the claim criteria and deadlines to protect their legal rights.