São Paulo-based Absolute Gestao purchased 190,897 shares of CyberArk Software in the third quarter.
The shares were worth about $92.23 million at quarter-end.
CyberArk is now Absolute Gestao’s largest holding, comprising about 12% of total reportable assets.
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São Paulo-based Absolute Gestao de Investimentos Ltda. initiated a new position in CyberArk Software Ltd. (NASDAQ:CYBR), adding $92.23 million in the third quarter, according to a November 13 SEC filing.
According to an SEC filing dated November 13, Absolute Gestao de Investimentos disclosed a new stake in CyberArk Software Ltd. (NASDAQ:CYBR), purchasing 190,897 shares. The position was valued at $92.23 million at the end of the third quarter, representing a significant allocation within the fund’s $769.14 million in reportable U.S. equity assets.
The new position represented 11.99% of 13F reportable assets at quarter-end.
Top holdings after the filing:
NASDAQ: CYBR: $92.23 million (12.19% of AUM)
NYSEMKT: EEM: $89.72 million (11.85% of AUM)
NYSE: GTLS: $88.22 million (11.66% of AUM)
NYSEMKT: EWZ: $48.85 million (6.45% of AUM)
NASDAQ: EMXC: $48.27 million (6.38% of AUM)
As of Friday, CYBR shares were priced at $454.65, up 41% over the past year and well outperforming the S&P 500, which is up 15% in the same period.
Metric | Value |
|---|---|
Price (as of Friday) | $454.65 |
Market Capitalization | $22.95 billion |
Revenue (TTM) | $1.30 billion |
One-Year Price Change | 41% |
CyberArk Software offers privileged access management, endpoint privilege security, cloud entitlement management, and identity and access management solutions delivered as both software and SaaS products.
The company generates revenue primarily from software licenses, SaaS subscriptions, and support services, leveraging a recurring revenue model with a focus on enterprise cybersecurity needs.
It serves large enterprises and organizations across financial services, healthcare, energy, technology, and government sectors, targeting customers with complex security and compliance requirements.
CyberArk Software Ltd. specializes in protecting privileged access and managing digital identities for organizations with high security demands.
The company leverages a robust recurring revenue model and serves a diversified enterprise client base across critical industries.
CyberArk is in the middle of a structural shift from a high-quality security vendor to a scaled identity security platform with operating leverage finally showing up. In the third quarter, total revenue climbed 43% year over year to $342.8 million, while subscription revenue jumped 60%, pushing annual recurring revenue to $1.34 billion. More importantlycyb, non-GAAP operating margin expanded to 19%, up from 15% a year ago, showing that growth is no longer coming at the expense of profitability.
That matters in the context of this fund’s broader book. Its top positions skew toward liquid ETFs and established growth franchises, which makes CyberArk stand out as a concentrated single-stock bet tied to enterprise security spending and identity management. Unlike many cybersecurity names still selling a story, CyberArk is converting demand into cash, ending the quarter with nearly $2 billion in cash and investments and generating positive adjusted free cash flow.
At roughly 12% of reported assets, this is not a speculative flyer. It looks more like a conviction play on durable ARR growth, rising margins, and the strategic optionality created by the pending Palo Alto Networks transaction. Of course, it’s unclear whether the buy came before or after the acquisition’s announcement at the end of July, but the timing certainly seems opportune.
