SCHEDULE: FMR LLC Reduces CyberArk Software Stake to 4.0%

Sentiment:

Beneficial Ownership Amendment 5 November 2025 11:30 AM

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 4.0% in CyberArk Software Ltd. common stock as of September 30, 2025, indicating a reduction below the 5% threshold.

Worse than expectedFMR LLC and Abigail P. Johnson's beneficial ownership in CyberArk Software Ltd. has decreased to 4.0%, falling below the 5% threshold.This reduction by a prominent institutional investor suggests a potential decrease in confidence or a re-evaluation of the investment.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 2,000,498.24 shares of CyberArk Software Ltd. common stock.
This ownership represents 4.0% of the total outstanding common stock of CyberArk Software Ltd.
FMR LLC holds sole voting power over 1,983,857.92 shares and sole dispositive power over 2,000,498.24 shares.
Abigail P. Johnson holds sole dispositive power over 2,000,498.24 shares.
The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing where ownership was likely above 5%.
The securities are certified to be held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 3

Explanation: The reduction in beneficial ownership by a major institutional investor like FMR LLC to below the 5% threshold is generally viewed negatively by the market, indicating a potential decrease in confidence or a strategic divestment.

Negatives

FMR LLC and Abigail P. Johnson have reduced their beneficial ownership in CyberArk Software Ltd. to 4.0%, falling below the 5% threshold that typically triggers an initial Schedule 13G filing.
A reduction in stake by a major institutional investor like FMR LLC can be perceived as a negative signal regarding their confidence in the company's near-term prospects or valuation.

Risks

The reduction in beneficial ownership by a significant institutional investor could lead to increased selling pressure on CyberArk Software Ltd.'s stock if other investors interpret this as a loss of confidence.
While the filing states the shares are not held for control purposes, a large institutional holder reducing its stake could impact market perception of the company's stability or future growth trajectory.

Future Outlook

Management Comments

The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Ownership Structure Disclosure	Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and a predominant owner of its Series B voting common shares, is deemed to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.	NA	Clarifies the control structure within FMR LLC, which is the reporting entity for the beneficial ownership.
Subsidiary Classification Disclosure	FMR LLC's subsidiaries, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, FMR Investment Management (UK) Limited, and Strategic Advisers LLC, are classified as Investment Advisers or Banks.	NA	Provides transparency into the types of entities within the FMR LLC group that manage the reported securities.

Stakeholder Impact

Shareholders: Existing shareholders may react negatively to the news of a major institutional investor reducing its stake, potentially leading to a decrease in share price.
Investment Professionals: Analysts and fund managers will note the change in institutional ownership as a data point for their investment theses on CyberArk Software Ltd.

Key Dates

Date	Description
09/30/2025	Date of event which requires filing of this statement, reflecting beneficial ownership.
11/04/2025	Date of filing and signature date for FMR LLC and Abigail P. Johnson.

Recommendation

hold

While the reduction in FMR LLC's stake to 4.0% is a negative signal, it does not necessarily warrant an immediate 'sell' recommendation without further analysis of CyberArk Software Ltd.'s fundamentals and other market factors. Investors should 'hold' and monitor future developments, including any further institutional ownership changes and the company's operational performance, to assess the long-term implications of this divestment.

Keywords

CyberArk Software Ltd., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, CYBR, Investment Management, Shareholding

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