<?xml version="1.0" encoding="UTF-8"?><ns2:edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns:ns2="http://www.sec.gov/edgar/ownership">
    <ns2:headerData>
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        <ns2:filerInfo>
            <ns2:filer>
                <ns2:filerCredentials>
                    <ns2:cik>0001969276</ns2:cik>
                    <ns2:ccc>XXXXXXXX</ns2:ccc>
                </ns2:filerCredentials>
            </ns2:filer>
            <ns2:liveTestFlag>LIVE</ns2:liveTestFlag>



        </ns2:filerInfo>
    </ns2:headerData>
    <ns2:formData>
        <ns2:issuerInfo>
            <ns2:issuerCik>0001598110</ns2:issuerCik>
            <ns2:issuerName>CYBERARK SOFTWARE LTD.</ns2:issuerName>
            <ns2:secFileNumber>001-36625</ns2:secFileNumber>
            <ns2:issuerAddress>
                <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                <com:street2>P.O. BOX 3143</com:street2>
                <com:city>PETACH-TIKVA</com:city>
                <com:stateOrCountry>L3</com:stateOrCountry>
                <com:zipCode>4951041</com:zipCode>
            </ns2:issuerAddress>
            <ns2:issuerContactPhone>972-3-918-0000</ns2:issuerContactPhone>
            <ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Ehud Mokady</ns2:nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <ns2:relationshipsToIssuer>
                <ns2:relationshipToIssuer>Director</ns2:relationshipToIssuer>
            </ns2:relationshipsToIssuer>
        </ns2:issuerInfo>
        <ns2:securitiesInformation>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:brokerOrMarketmakerDetails>
                <ns2:name>Goldman Sachs &amp; Co. LLC</ns2:name>
                <ns2:address>
                    <com:street1>200 West Street</com:street1>
                    <com:city>New York</com:city>
                    <com:stateOrCountry>NY</com:stateOrCountry>
                    <com:zipCode>10282</com:zipCode>
                </ns2:address>
            </ns2:brokerOrMarketmakerDetails>
            <ns2:noOfUnitsSold>7056</ns2:noOfUnitsSold>
            <ns2:aggregateMarketValue>2251640.16</ns2:aggregateMarketValue>
            <ns2:noOfUnitsOutstanding>42312227</ns2:noOfUnitsOutstanding>
            <ns2:approxSaleDate>12/02/2024</ns2:approxSaleDate>
            <ns2:securitiesExchangeName>NASD</ns2:securitiesExchangeName>
        </ns2:securitiesInformation>
        <ns2:securitiesToBeSold>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:acquiredDate>06/10/2015</ns2:acquiredDate>
            <ns2:natureOfAcquisitionTransaction>Acquired as compensation -- Stock Options</ns2:natureOfAcquisitionTransaction>
            <ns2:nameOfPersonfromWhomAcquired>Issuer</ns2:nameOfPersonfromWhomAcquired>
            <ns2:isGiftTransaction>N</ns2:isGiftTransaction>
            <ns2:amountOfSecuritiesAcquired>6303</ns2:amountOfSecuritiesAcquired>
            <ns2:paymentDate>06/10/2015</ns2:paymentDate>
            <ns2:natureOfPayment>Compensation -- Cashless exercise / same-day sale</ns2:natureOfPayment>
        </ns2:securitiesToBeSold>
        <ns2:securitiesToBeSold>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:acquiredDate>06/12/2018</ns2:acquiredDate>
            <ns2:natureOfAcquisitionTransaction>Acquired as compensation -- Stock Options</ns2:natureOfAcquisitionTransaction>
            <ns2:nameOfPersonfromWhomAcquired>Issuer</ns2:nameOfPersonfromWhomAcquired>
            <ns2:isGiftTransaction>N</ns2:isGiftTransaction>
            <ns2:amountOfSecuritiesAcquired>753</ns2:amountOfSecuritiesAcquired>
            <ns2:paymentDate>06/12/2018</ns2:paymentDate>
            <ns2:natureOfPayment>Compensation -- Cashless exercise / same-day sale</ns2:natureOfPayment>
        </ns2:securitiesToBeSold>
        <ns2:nothingToReportFlagOnSecuritiesSoldInPast3Months>N</ns2:nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>11/12/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1176</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>347882.2</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>10/22/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1176</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>352833.87</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>09/10/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1176</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>306010.14</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>09/24/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1176</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>334554.6</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>10/08/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1176</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>326965.98</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokday</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>11/26/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1176</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>379444.16</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokday</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>09/16/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1399</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>377666.35</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokday</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer 2</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4951041</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>11/15/2024</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>3580</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>1068764.25</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:remarks>The sales of shares set forth herein are made in connection with a selling plan dated 5/30/2024, that is intended to comply with Rule 10b5-1(c).</ns2:remarks>
        <ns2:noticeSignature>
            <ns2:noticeDate>12/02/2024</ns2:noticeDate>
            <ns2:planAdoptionDates>
                <ns2:planAdoptionDate>05/30/2024</ns2:planAdoptionDate>
            </ns2:planAdoptionDates>
            <ns2:signature>Goldman Sachs &amp; Co. LLC on behalf of Ehud Mokady</ns2:signature>
        </ns2:noticeSignature>
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[{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 11257}]
144
0001969276
XXXXXXXX
LIVE
0001598110
CYBERARK SOFTWARE LTD.
001-36625
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
972-3-918-0000
Ehud Mokady
Director
Common
Goldman Sachs & Co. LLC
200 West Street
New York
NY
10282
7056
2251640.16
42312227
12/02/2024
NASD
Common
06/10/2015
Acquired as compensation -- Stock Options
Issuer
N
6303
06/10/2015
Compensation -- Cashless exercise / same-day sale
Common
06/12/2018
Acquired as compensation -- Stock Options
Issuer
N
753
06/12/2018
Compensation -- Cashless exercise / same-day sale
N
Ehud Mokady
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
11/12/2024
1176
347882.2
Ehud Mokady
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
10/22/2024
1176
352833.87
Ehud Mokady
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
09/10/2024
1176
306010.14
Ehud Mokady
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
09/24/2024
1176
334554.6
Ehud Mokady
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
10/08/2024
1176
326965.98
Ehud Mokday
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
11/26/2024
1176
379444.16
Ehud Mokday
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
09/16/2024
1399
377666.35
Ehud Mokday
9 Hapsagot St., Park Ofer 2
P.O. BOX 3143
PETACH-TIKVA
L3
4951041
Common
11/15/2024
3580
1068764.25
The sales of shares set forth herein are made in connection with a selling plan dated 5/30/2024, that is intended to comply with Rule 10b5-1(c).
12/02/2024
05/30/2024
Goldman Sachs & Co. LLC on behalf of Ehud Mokady