What smart money is saying about Cyberark
2 funds in our archive have pitched Cyberark, most recently Harding Loevner International Small Companies Equity in June 2025.
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments. The company also offers robust Identity and Access Management as a Services, such as workforce identity, which offers adaptive multi-factor authentication (MFA), single sign-on, secure Web sessions, application gateway, identity lifecycle management, and directory services; and customer identity services that provides authentication and authorization services, MFA, directory, and user management to enable organizations to provide their customers with easy and secure access to websites and applications. In addition, it offers Secrets Manager Credential Providers to provide and manage the credentials used by third-party solutions; and Secrets Manager Conjur for cloud-native applications. The company provides its products to financial services, manufacturing, insurance, healthcare, energy and utilities, transportation, retail, technology, and telecommunications industries; and government agencies through direct sales force, as well as distributors, systems integrators, value-added resellers, and managed security service providers. CyberArk Software Ltd. was founded in 1999 and is headquartered in Petah Tikva, Israel.
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Position history
Between Q4 2024 and Q4 2025, 6 fund letters reported a position in Cyberark, with 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2025 | 1 | 0 | 1 | 0 |
| Q3 2025 | 4 | 0 | 3 | 0 |
| Q2 2025 | 1 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions · 4 moves
- December 2025
“In IT, we exited LEM Holdings and CyberArk.”
Cyberark - September 2025
“five in technology: CyberArk Software, Grid Dynamics Holdings, Vertex, PAR Technology, Clearwater Analytics”
Cyberark - September 2025
“Among the contributors to performance in the third quarter of 2025 were Camtek and CyberArk.”
Cyberark - September 2025
“we sold 7 positions to zero in Q3: o six in technology: Tyler Technologies, CyberArk Software, Salesforce, Atlassian, ARM Holdings, Toast”
Cyberark - September 2025
“CyberArk, an Israeli company, is the leader in the quickly growing Privileged Access Management (PAM) market, which seeks to monitor, control and isolate access to “superuser” computer and network accounts. These superuser accounts are used for logging into a company’s most critical assets, such as database servers, firewalls, switches, etc. PAM is at the core of the broader identity-management space. While identity management often works to fend off “bad guys,” PAM works under the assumption that bad guys are already on a network and instead minimizes their ability to exploit a company’s key assets. PAM helps to reduce malware infections and the risk of downtime. According to Forrester, 80% of security breaches involve privileged credentials. On July 30, CyberArk announced that its board of directors agreed to an acquisition offer by U.S.-based Palo Alto Networks (PANW), a global cybersecurity leader. The mixed offer for cash and stock had a value of $25 billion at the time of the announcement and reflected a 26% premium to the unaffected 10-day average daily share price. Market leadership in PAM and the theme of vendor consolidation have been tailwinds for our CyberArk investment thesis. Palo Alto’s acquisition follows that theme. We have begun gradually reducing our position in CyberArk following this announcement.”
Cyberark - June 2025
Listed in Loomis Sayles Small Mid Cap Growth Fund’s reported holdings.
Cyberark
Fund coverage · 2 theses
As AI accelerates the creation of digital and machine identities, CyberArk stands out as a crucial cybersecurity provider with specialized tools and a strong financial foundation to protect and manage this expanding digital frontier.
Read the full thesis- Baron Opportunity FundDecember 2024
CyberArk Software Ltd. is a market leader in privileged access management (PAM) and a comprehensive identity security solution, positioned for significant organic growth and enhanced cash flow following its acquisition of Venafi.
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