Varonis Systems, Inc. (VRNS) is experiencing a rise in its stock price today, likely influenced by recent news of Soros Fund Management LLC acquiring a new position in the company. According to a disclosure with the Securities and Exchange Commission, Soros Fund Management purchased 50,700 shares of Varonis, valued at approximately $2.87 million. This move by a prominent institutional investor may have bolstered investor confidence, contributing to the stock's upward momentum.
Varonis Systems' stock is currently trading at $50.26, reflecting a 1.11% increase from its previous close of $49.71.