In this article, we will discuss the 13 Best Cybersecurity Stocks to Buy According to Billionaires.
The cybersecurity market is poised for significant growth over the coming years, driven by an increasingly complex threat landscape and rapid digital transformation across industries. According to a recent study by Grand View Research Inc., the global cybersecurity market is projected to grow at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2030. This robust growth is fueled by escalating cyber threats and advanced malware attacks across multiple verticals, including banking, retail, information technology, defense, and manufacturing.
In 2024 and into 2025, investments in cyber security are also surging. The Reuters report has highlighted that $4 billion was raised in 2024 by Israeli cybersecurity firms. This underscores that cloud security—integral to protecting sensitive data and digital assets—is becoming a primary focus for enterprises worldwide.
Cybersecurity Talent Shortage
A critical challenge facing the industry is the widening talent gap. As cyber threats become more sophisticated, the demand for qualified professionals has skyrocketed, with estimates from cybersecurity ventures predicting that over 3.5 million cybersecurity positions could remain unfilled by 2025. In response, recent commentary from the U.S. highlights calls for broadening hiring practices—such as removing rigid college degree requirements—to tap into a larger pool of skilled talent. This push for more inclusive hiring is seen as essential for meeting the nearly 500,000 open cybersecurity jobs currently reported in the U.S. alone.
Regulatory Compliance and Data Privacy
Regulatory pressures continue to intensify as governments worldwide respond to escalating cyber threats. In late 2024, the Biden administration proposed new cybersecurity rules aimed at limiting the impact of healthcare data breaches, with estimates suggesting the new measures could cost approximately $9 billion in the first year alone.
The rise of ransomware attacks further accelerates the demand for cybersecurity solutions. In 2023 alone, companies reportedly paid a record $1.1 billion in ransom according to a report from Chainalysis. These alarming trends contribute to broader economic implications, with projections from Cybersecurity Ventures estimating that global cybercrime damages could reach $10.5 trillion annually by 2025.
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Our Methodology
For this list, we analyzed the Global X Cybersecurity ETF holdings, which focus on stocks with strong cybersecurity performance. We then cross-referenced these holdings with Insider Monkey’s Q4 2024 data of billionaire holdings to identify the companies in the ETF with the highest number of billionaire investors. Ranking these companies based on billionaire interest, we compiled a list of the best cybersecurity stocks that showcase strong performance trends and are highly favored by billionaires.
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13. OneSpan Inc. (NASDAQ:OSPN)
Number of billionaire investors: 8
Dollar value of holdings: $11,658,046
OneSpan Inc. (NASDAQ:OSPN) is a leading provider of security, identity verification, and digital agreement solutions, helping businesses protect and streamline their digital transactions.
OneSpan Inc. (NASDAQ:OSPN) continues to advance its strategic growth with the appointment of Ashish Jain as Chief Technology Officer. Jain is a recognized digital identity and fraud prevention expert. He brings over two decades of experience from leading security and authentication roles at Arkose Labs, eBay, and VMware. His expertise in Zero Trust security, bot mitigation, and identity risk aligns with OneSpan’s mission to enhance its digital agreement and security solutions.
For full year 2024, OneSpan Inc. (NASDAQ:OSPN) reported total revenue of $243.2 million, a 3% increase from $235.1 million in 2023. Its digital agreements segment grew 20% year-over-year to $61.0 million, offsetting a 1% decline in Security Solutions revenue, which totaled $182.2 million. It achieved operating income of $44.8 million, reversing an operating loss of $28.9 million in 2023. Net income surged to $57.1 million from a net loss of $29.8 million in the previous year, while adjusted EBITDA jumped to $72.5 million from $12.0 million. Looking ahead to 2025, OneSpan expects revenue between $245 million and $251 million, with ARR ranging from $180 million to $186 million.
12. Tenable Holdings Inc. (NASDAQ:TENB)
Number of billionaire investors: 8
Dollar value of holdings: $126,281,003
Tenable Holdings Inc. (NASDAQ:TENB) is a provider of exposure management solutions, helping organizations identify, measure, and mitigate cybersecurity risks across complex IT environments.
Tenable Holdings Inc. (NASDAQ:TENB) has strengthened its Exposure Management platform by acquiring Vulcan Cyber Ltd. This enhanced its ability to provide unified security visibility, risk prioritization, and automated remediation across the attack surface. The integration of Vulcan Cyber’s technology will extend Tenable One’s capabilities, consolidating vast data sets to offer one of the most comprehensive risk management solutions in the market.
Tenable Holdings Inc. (NASDAQ:TENB) posted Q4 2024 performance, with revenue rising 11% year-over-year to $235.7 million. The company turned profitable, reporting GAAP net income of $1.9 million compared to a loss of $21.6 million in Q4 2023. Non-GAAP net income surged to $50.7 million from $30.2 million, while non-GAAP EPS increased to $0.41 from $0.25. Operating income saw significant improvement, with GAAP income at $13.0 million versus a $14.3 million loss same quarter last year.
11. Varonis Systems Inc. (NASDAQ:VRNS)
Number of billionaire investors: 8
Dollar value of holdings: $223,858,556
Varonis Systems Inc. (NASDAQ:VRNS) is a data security company focused on protecting sensitive information at its core. Its cloud-native security platform leverages AI-powered automation to discover, classify, and secure critical data, detecting threats and eliminating exposures across cloud and on-premises environments.
In January 2025, Varonis Systems, Inc. (NASDAQ:VRNS) was reportedly in advanced negotiations to acquire Israeli cybersecurity startup Apex Security in a deal valued between $30 million and $40 million. Apex backed by Sam Altman, specializes in AI security, offering a platform that provides visibility into AI activity, enforces security policies, and detects AI-driven cyber threats. While Apex denies the negotiations, the potential deal signals Varonis’ continued investment in AI-powered cybersecurity solutions.
Varonis Systems Inc. (NASDAQ:VRNS) reported Q4 2024 revenue of $158.5 million, a modest 3% year-over-year increase, but below the expected $165.17 million. Despite this, EPS beat expectations at $0.18, surpassing the forecasted $0.14 by 28.6%. The company’s free cash flow doubled to $108.5 million, reflecting operational strength. Annual recurring revenue grew 18% to $641.9 million, with SaaS now comprising 53% of total ARR.
