CyberArk Trading Volume Surges 94.67% to $609 Million Ranking 128th in Daily Market

On June 6, 2025, CyberArk Software (CYBR) experienced a significant surge in trading volume, with a turnover of $609 million, marking a 94.67% increase from the previous day. This substantial rise in trading activity placed CyberArk at the 128th position in the daily stock market rankings. The stock price of CyberArk also saw a notable increase, rising by 2.95%.

CyberArk Software Ltd. recently announced the pricing of $1.1 billion in 0.00% Convertible Senior Notes due 2030, marking an upsized private offering. This offering, initially planned for $750 million, was increased to $1.1 billion, with an additional option for initial purchasers to buy up to $150 million more. The notes are expected to settle on June 10, 2025, subject to customary closing conditions. These notes do not bear regular interest and will mature on June 15, 2030, unless earlier repurchased, redeemed, or converted. CyberArk has the option to redeem the notes under specific conditions, including tax-related events or if the stock price exceeds 130% of the conversion price for a specified period. Holders of the notes have the right to require CyberArk to repurchase them upon the occurrence of a fundamental change, with a cash purchase price of 100% of their principal amount plus accrued interest. The notes are convertible based on an initial conversion rate of 1.9614 ordinary shares per $1,000 principal amount, with a conversion premium of approximately 30.0% over the last reported sale price of CyberArk’s ordinary shares. The net proceeds from the offering are estimated to be approximately $1,072.4 million, with CyberArk intending to use a portion of these funds to pay for capped call transactions and for working capital or other general corporate purposes. The offering was made only to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and the notes and ordinary shares issuable upon conversion have not been registered under the Securities Act or the securities laws of any other jurisdiction.