Who Owns CyberArk Company?

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Who Really Owns CyberArk?

Understanding the ownership structure of a company is crucial for investors and strategists alike. CyberArk, a leader in identity security, has seen its ownership evolve significantly since its founding in 1999. From its IPO in 2014 to its current market position, knowing CyberArk SWOT Analysis can provide valuable insights into its strategic direction and potential.

Who Owns CyberArk Company?

This exploration of CyberArk ownership will uncover the key players shaping its destiny. We'll examine the company's ownership history, from its founders to its major shareholders today, providing a comprehensive view of who controls this influential security firm. Discover the answers to questions like "Who owns CyberArk?" and "Who is the CEO of CyberArk?" as we delve into the details of CyberArk's ownership structure, market cap, and stock performance.

Who Founded CyberArk?

The story of CyberArk, a leading cybersecurity firm, began in 1999 in Israel. The company was founded by Ehud Udi Mokady and Alon N. Cohen. Dror Shalit was also a key member of the founding team.

Udi Mokady played a crucial role, serving as CEO from November 2005 until April 2023. After that, he transitioned to the role of Executive Chair of the Board. This transition highlights the evolution of leadership within the company.

Early financial backing was essential for CyberArk's growth. The company secured a total of $59 million across multiple funding rounds, which helped shape its trajectory in the cybersecurity market.

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Founders

Ehud Udi Mokady and Alon N. Cohen founded CyberArk in 1999. Dror Shalit was also a key member of the founding team.

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Early Funding

CyberArk raised $59 million across five funding rounds. The first funding round was in July 2000.

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Early Investors

Jerusalem Venture Partners (JVP) and Goldman Sachs were early investors. JVP invested in March 2002.

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Series C Round

Goldman Sachs and JVP led the Series C round. This round, in December 2011, raised $40 million.

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Key Shareholders

Following the Series C round, key shareholders included JVP, Goldman Sachs, Vertex Venture Capital, and Cabaret-ArbaOne.

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Leadership Transition

Udi Mokady served as CEO until April 2023, then became Executive Chair of the Board.

The early ownership structure of the CyberArk company was shaped by venture capital investments. While specific equity splits at the company's inception are not publicly detailed, the involvement of firms like JVP and Goldman Sachs indicates a structured distribution of ownership to fuel growth. Understanding the early history provides insights into how the company was built. The founders' vision for privileged access management was crucial in attracting early backers. As of the latest available data, the company continues to be a significant player in the cybersecurity market, with its solutions protecting many organizations.

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How Has CyberArk’s Ownership Changed Over Time?

The evolution of CyberArk's ownership has been marked by significant milestones, particularly its Initial Public Offering (IPO). On September 24, 2014, CyberArk began trading on the NASDAQ under the ticker 'CYBR,' raising approximately $85.8 million. The IPO valued the company at around $473 million. The share price more than doubled on its first day, closing at $29.80, which resulted in a market capitalization of $881 million. As of June 13, 2025, the market capitalization has grown substantially to $19.72 billion, reflecting considerable growth since its public debut.

The ownership structure of the CyberArk company has been shaped by strategic acquisitions. In October 2024, the company acquired Venafi for roughly $1.54 billion, expanding its addressable market by an estimated $10 billion. More recently, in February 2025, CyberArk acquired Zilla Security for $165 million in cash, with an additional $10 million earnout. These acquisitions have influenced the company's financial landscape and, by extension, its share distribution and investor holdings.

Metric Details Date
IPO Date September 24, 2014
IPO Proceeds Approximately $85.8 million September 2014
Initial Market Cap Approximately $473 million September 2014
Market Cap (June 13, 2025) $19.72 billion June 13, 2025
Venafi Acquisition $1.54 billion October 2024
Zilla Security Acquisition $165 million (cash) + $10 million (earnout) February 2025

Currently, the majority of CyberArk ownership is held by institutional investors. As of January 6, 2025, approximately 93.67% of the company's stock was held by institutions. Key institutional shareholders as of March 31, 2025, include BlackRock, Inc., holding 3,860,281 shares, Fmr Llc, holding 1,450,958 shares, and Jennison Associates Llc, holding 1,292,027 shares. These figures underscore the significant influence of institutional investors in the CyberArk security landscape.

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Key Takeaways on CyberArk Ownership

The ownership of CyberArk is primarily institutional, with a significant presence of major investment firms.

  • The IPO in 2014 was a pivotal moment, leading to substantial growth in market capitalization.
  • Strategic acquisitions, like Venafi and Zilla Security, have reshaped the company's market position.
  • Understanding the CyberArk owner structure is crucial for investors and stakeholders.
  • The market cap has grown to $19.72 billion as of June 13, 2025.

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Who Sits on CyberArk’s Board?

The current executive leadership of the CyberArk company includes Ehud Udi Mokady as Executive Chair of the board and Matthew Cohen as CEO. Mokady transitioned to his Executive Chair role in April 2023, with Cohen taking over as CEO after previously serving as CRO and COO. This leadership shift was designed to ensure continuity and strategic alignment within the company. The company's leadership structure reflects a planned succession strategy, with Cohen's appointment as CEO indicating a focus on operational expertise and strategic execution.

CyberArk's board of directors oversees the company's strategic direction and ensures effective corporate governance. While specific details on individual board members and their affiliations with major shareholders are not extensively detailed in the provided information, the leadership transition to Matthew Cohen signifies a strategic succession plan. The company's governance practices include annual general meetings, such as the one scheduled for June 24, 2025, in Petach-Tikva, Israel, where shareholders can vote in person or by proxy.

Board Member Title Notes
Ehud Udi Mokady Executive Chair Transitioned to this role in April 2023.
Matthew Cohen CEO Assumed CEO role after serving as CRO and COO.
Further details on other board members are not available.

CyberArk's articles of association, as permitted under Israeli Companies Law, stipulate that the quorum for any shareholder meeting is at least two shareholders present, either in person or by proxy, holding at least 25% of the voting power. This differs from Nasdaq's requirement of 33 1/3% of issued share capital. Shareholders holding at least 1% of the company's outstanding voting rights can request that the Board include a proposal in a shareholders' meeting, provided the Board deems it appropriate. All shareholders possess the same voting rights attached to their ordinary shares; there are no special voting rights. For more insights, consider exploring the Marketing Strategy of CyberArk.

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Key Takeaways on CyberArk Ownership

The leadership transition to Matthew Cohen as CEO, and the role of Ehud Udi Mokady as Executive Chair, highlight a strategic succession plan.

  • CyberArk's quorum requirements for shareholder meetings are set at 25% of voting power.
  • Shareholders holding at least 1% of voting rights can propose items for shareholder meetings.
  • All shareholders share equal voting rights, with no special privileges.
  • The annual general meeting is scheduled for June 24, 2025, in Petach-Tikva, Israel.

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What Recent Changes Have Shaped CyberArk’s Ownership Landscape?

Over the past few years, the ownership profile of CyberArk has seen strategic shifts and significant growth, reflecting the company's expanding market presence and financial performance. The company's Annual Recurring Revenue (ARR) reached $1.169 billion by the end of 2024 and further increased to $1.215 billion by March 31, 2025. Subscription revenue has become a dominant part of its revenue model, constituting 84% of the total ARR at the end of 2024, and increasing to 85% by March 31, 2025.

The company's total revenue for 2024 was $1.001 billion, a 33% increase compared to the previous year. In the first quarter of 2025, total revenue was $317.6 million, up 43% from the first quarter of 2024. CyberArk has also been actively involved in mergers and acquisitions to enhance its capabilities. For example, in October 2024, it acquired Venafi for approximately $1.54 billion, and in February 2025, it acquired Zilla Security for $165 million in cash, which contributed to its identity security platform expansion.

Metric December 31, 2024 March 31, 2025
ARR $1.169 billion $1.215 billion
Subscription Revenue as % of Total ARR 84% 85%
Total Revenue (Q1 2025) N/A $317.6 million

CyberArk's leadership has seen a transition, with co-founder Udi Mokady moving to the Executive Chair role in April 2023, and Matt Cohen taking over as CEO. The company's strategic direction and investor relations are further highlighted by an Investor Day held in February 2025, where long-term financial targets and innovation roadmaps were discussed. Institutional ownership remains high, with approximately 93.67% of the stock held by institutions as of January 2025. These developments indicate a strong focus on growth and market leadership in the identity security sector. For more insights, you can explore the details of the [CyberArk company profile]0.

Icon CyberArk Ownership Structure

CyberArk is a publicly traded company, and its ownership is primarily held by institutional investors. This structure provides transparency and accountability.

Icon Who Owns CyberArk?

Major shareholders include institutional investors who collectively hold a significant portion of the company's stock. Individual investors also hold shares.

Icon CyberArk Stock and Market Cap

As a publicly traded company, CyberArk's stock symbol is available on major stock exchanges. The market capitalization reflects the company's valuation.

Icon CyberArk's Strategic Acquisitions

The acquisitions of Venafi and Zilla Security have expanded CyberArk's capabilities, enhancing its position in the identity security market.

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