12 Best Big Data Stocks To Buy According to Hedge Funds

Page 2 of 11

10. Varonis Systems, Inc. (NASDAQ:VRNS)

Number of Hedge Fund Holders: 42

Varonis Systems, Inc. (NASDAQ:VRNS) is the leading provider of software solutions for unstructured, human-generated enterprise data. The firm provides an innovative software platform that enables enterprises to map, analyze, manage, and migrate their unstructured data.

The firm has a leading position in data security as its cloud-native Data Security Platform discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation. Varonis Systems, Inc. (NASDAQ:VRNS) has gained the trust of thousands of organizations to defend their data wherever it lives, across SaaS, IaaS, and hybrid cloud environments.

Varonis Systems, Inc. (NASDAQ:VRNS) also offers universal classification support for databases. Building on its existing support for popular databases such as Oracle, SQL Server, MySQL, and PostgreSQL, the firm also allows customers to quickly integrate and use Varonis’ world-class data classification with their preferred databases while they’re hosted in the cloud or on-premises.

The firm’s annual recurring revenues or ARR grew 18% year-over-year in the third quarter. With 43% of the total company ARR coming from SaaS, the strong demand for Varonis SaaS from both new and existing customers was reflected. Additionally, Varonis announced new AI-powered data discovery and classification capabilities that enhance its industry-leading data classification technology.

Page 2 of 11