Prelude Capital’s CyberArk Gamble

The shares, currently priced at $487.93 with the vigor of a terrier chasing a postman, have outperformed the S&P 500 by a positively indecent 54.81 percentage points over the past year. Yet all is not sunshine and crumpets in the CyberArk orchard. The stock, which had been prancing about like a debutante at her first ball in October, promptly tripped over its own petticoats in November, dragging down Prelude’s portfolio value by some 5% since quarter-end. A situation not unlike discovering one’s finest dancing shoes have sprouted holes at the most inopportune moment.


