Stock of Varonis Systems, Inc. (VRNS) is moving down about 20 percent on Wednesday morning trading over a deadline alert from the Law Offices of Frank R. Cruz about class action lawsuits filed on the behalf of shareholders.
The company's stock is currently trading at $20.95, down 21.28 percent or $5.64, over the previous close of $26.53 on the Nasdaq. It has traded between $20.06 and $63.90 in the past one year.
The class action alleges that the company failed to disclose material adverse facts about its business, operations, and prospects.
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