VRNS Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Varonis to Proofpoint
MONSEY, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of
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MONSEY, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) — The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Varonis Systems, Inc. (NASDAQ: VRNS) (“Varonis”) to Proofpoint, Inc., a portfolio company of Thoma Bravo, for $49.75 per share in cash.
Notably, the $49.75 sale price is below Varonis’s 52-week high of $63.80, which potentially indicates an opportunistic purchase below fair value.
In addition, the sale price is below the price targets of multiple Wall Street analysts covering Varonis before the sale was announced, including:
- Joseph Gallo of Jefferies ($60.00 price target)
- Rob Owens of Piper Sandler ($58.00 price target)
- Shaul Eyal of TD Cowen ($56.00 price target)
- Erik Suppiger of B. Riley Securities ($55.00 price target)
- Mike Cikos of Needham ($55.00 price target)
(Source: TipRanks)
If you remain a Varonis shareholder and have concerns about the fairness of the proposed sale, you may contact our firm at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/varonis/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
“We are investigating whether the Varonis Board of Directors acted in the best interests of Varonis shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the cash consideration agreed upon is fair to Varonis shareholders and whether all material information regarding the transaction has been fully disclosed. We encourage Varonis shareholders to contact us if they have any concerns.”
About Wohl & Fruchter
Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and has recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
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