VRNS Investors Alerted to Class Action Deadline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Lawsuit Notice: Hagens Berman is notifying investors in Varonis Systems, Inc. about the March 9, 2026, lead plaintiff deadline for a securities class action lawsuit against the company and its executives, concerning shares purchased between February 4, 2025, and October 28, 2025.
- Revenue Decline: The lawsuit alleges that Varonis executives misled the market regarding the transition to a Software-as-a-Service (SaaS) platform, resulting in a staggering 63.9% year-over-year decline in term license subscription revenues disclosed on October 28, 2025, which triggered a 48% stock crash and wiped out $3.8 billion in market capitalization.
- Investor Losses: Hagens Berman urges VRNS investors who suffered significant losses to submit their information promptly to participate in the lawsuit and seek compensation, highlighting systemic risks in the company's transition strategy.
- Whistleblower Program: The firm encourages individuals with non-public information to consider the SEC Whistleblower program, where providing original information may yield rewards of up to 30% of any successful recovery, further exposing potential misconduct during Varonis's SaaS transition.
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Analyst Views on VRNS
Wall Street analysts forecast VRNS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRNS is 52.18 USD with a low forecast of 37.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
14 Buy
4 Hold
0 Sell
Strong Buy
Current: 33.410
Low
37.00
Averages
52.18
High
80.00
Current: 33.410
Low
37.00
Averages
52.18
High
80.00
About VRNS
Varonis Systems, Inc. is a data security company. The Company’s cloud-native data security platform discovers and classifies critical data, removes exposures, and detects advanced threats with artificial intelligence (AI)-powered automation. Varonis software enables enterprises of all sizes and industries to protect data stored in the cloud and on-premises, including sensitive files, emails and databases; confidential personal data belonging to customers, patients and employees; financial records; source code, strategic and product plans; and other intellectual property. Its SaaS product portfolio includes two product lines: its flagship Varonis Data Security Platform, which protects Microsoft 365, Windows file shares, Active Directory, Edge devices (VPN, DNS, proxy), UNIX/Linux and hybrid NAS storage, and DatAdvantage Cloud, which protects IaaS environments and SaaS applications, such as Salesforce, AWS, Azure, Google Cloud, Google Workspace, Databricks, ServiceNow, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
VRNS Investors Alerted to Class Action Deadline
- Lawsuit Notice: Hagens Berman is notifying investors in Varonis Systems, Inc. about the March 9, 2026, lead plaintiff deadline for a securities class action lawsuit against the company and its executives, concerning shares purchased between February 4, 2025, and October 28, 2025.
- Revenue Decline: The lawsuit alleges that Varonis executives misled the market regarding the transition to a Software-as-a-Service (SaaS) platform, resulting in a staggering 63.9% year-over-year decline in term license subscription revenues disclosed on October 28, 2025, which triggered a 48% stock crash and wiped out $3.8 billion in market capitalization.
- Investor Losses: Hagens Berman urges VRNS investors who suffered significant losses to submit their information promptly to participate in the lawsuit and seek compensation, highlighting systemic risks in the company's transition strategy.
- Whistleblower Program: The firm encourages individuals with non-public information to consider the SEC Whistleblower program, where providing original information may yield rewards of up to 30% of any successful recovery, further exposing potential misconduct during Varonis's SaaS transition.
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Multiple Companies Face Class Action Lawsuits
- Lawsuit Overview: Varonis Systems, Inc. (NASDAQ:VRNS) faces a class action lawsuit for failing to maintain a high quarterly conversion rate, with investors needing to file a lead plaintiff motion by March 9, 2026, potentially impacting stock price and investor confidence.
- Financial Transparency Issues: Ardent Health, Inc. (NYSE:ARDT) is accused of making misleading statements regarding the collectability of accounts receivable, leading to investor misunderstandings about its financial health, which could affect future financing capabilities.
- Service Capability Concerns: CoreWeave, Inc. (NASDAQ:CRWV) is facing litigation for overstating its ability to meet customer demand, with investors required to act by March 13, 2026, which may result in significant negative impacts on the company's revenue.
- Brand Strategy Missteps: Bath & Body Works, Inc. (NYSE:BBWI) is alleged to have failed to achieve expected growth from its brand collaborations and promotions, with a lead plaintiff motion deadline of March 16, 2026, potentially affecting the company's future financial guidance.
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