Key Points Maven Securities bought 15,000 shares of CyberArk Software Ltd for an estimated value of $6.5 million. The transaction represents 1.45% of 13F reportable assets under management. The 15,000 share stake was valued at $7.25 million as of Sept. 30. These 10 stocks could mint the next wave of millionaires › What happened According to a Nov. 20, 2025 SEC filing, Maven Securities initiated a new equity stake in CyberArk Software Ltd. (NASDAQ:CYBR) by adding 15,000 shares. The estimated valu ...

Core Insights - Nepsis Inc. has fully exited its position in CyberArk Software, selling 34,236 shares for an estimated $13.93 million in Q3 2025, reducing its exposure to zero [1][2][9] Company Overview - CyberArk Software has a market capitalization of $25.59 billion and reported a revenue of $1.20 billion for the trailing twelve months (TTM) [4] - The company has a net income of -$165.37 million for the TTM [4] - As of October 23, 2025, CyberArk's share price was $507.04, reflecting a 75.5% increase over the past year [3][4] Business Model - CyberArk specializes in privileged access management, identity and access management, endpoint security, and cloud entitlement solutions, focusing on software-based and SaaS offerings [5][6] - The company serves a diverse customer base across various sectors, including financial services, healthcare, technology, and government [5][6] Financial Performance - CyberArk's share price has tripled over the last two years, currently trading at 21 times sales, indicating a high valuation [9][10] - The management aims to grow free cash flow to $600 million by 2028, which would imply a valuation of 43 times future free cash flow [10] Market Context - The cybersecurity sector is experiencing significant demand, with 93% of businesses reporting security-related breaches in the past year, highlighting the essential nature of CyberArk's offerings [11] - CyberArk has achieved a 44% annual growth rate in its annual recurring revenue over the last five years, suggesting potential for continued growth [12]

Industry Overview - Cybersecurity has evolved into a major business priority due to the increasing frequency and sophistication of cyberattacks, which can result in significant financial losses and brand damage [1][2] - The global cybersecurity market is projected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, reflecting a compound annual growth rate (CAGR) of 14.3% [2] Technological Advancements - Traditional security tools are becoming inadequate against modern threats, leading to a shift towards artificial intelligence (AI) for proactive threat detection and response [3] - AI technologies are being integrated into cybersecurity solutions to automate detection processes and enhance threat intelligence capabilities [10] Key Companies CyberArk - CyberArk focuses on identity security solutions and is leveraging AI to enhance its offerings, particularly with its Secure AI Agent solution [6][8] - The company’s unified platform provides critical capabilities for managing AI-driven identities, which positions it well in the identity security market [7] Fortinet - Fortinet is recognized as a leader in network security, offering a range of solutions including next-generation firewalls and AI-driven threat intelligence [9] - The FortiAI platform utilizes deep learning to automate threat detection, contributing to the company's strong financial performance and market share growth [10][11] Okta - Okta specializes in identity and access management, significantly enhancing its AI capabilities to address the complexities of digital identities [13] - The company’s Identity Threat Protection solution employs machine learning to monitor and mitigate identity risks in real time, focusing on non-human identities [14][15] - Okta has a growing customer base, with a notable increase in high-value contracts, indicating strong market traction [16]