$92 Million Bet: Why This Fund Made CyberArk a 12% Portfolio Position Amid a Booming Stock Rally
CyberArk’s fundamentals are accelerating faster than its stock, and this filing hints at why some investors see more upside even after a big run.São Paulo-based Absolute Gestao de Investimentos Ltda. initiated a new position in CyberArk Software Ltd. (CYBR +0.62%), adding $92.23 million in the third quarter, according to a November 13 SEC filing.What HappenedAccording to an SEC filing dated November 13, Absolute Gestao de Investimentos disclosed a new stake in CyberArk Software Ltd. (CYBR +0.62%), purchasin ...