JAG Capital’s Exit from CyberArk: A Tale of Markets and Morals

The sale, complete and utter, left no trace of CyberArk in JAG’s portfolio. One might imagine the fund’s managers huddled in their glass-walled sanctum, their faces illuminated not by the glow of screens, but by the flickering candle of introspection. Had they glimpsed the future in the stock’s ascent-a 73.96% surge over twelve months-or had they merely been swept along by the tide of a market that elevates the clever and damns the cautious? The question lingered, as heavy as the silence between gunshots in a duel.



