<?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">
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            <ns2:filer>
                <ns2:filerCredentials>
                    <ns2:cik>0001969276</ns2:cik>
                    <ns2:ccc>XXXXXXXX</ns2:ccc>
                </ns2:filerCredentials>
            </ns2:filer>
            <ns2:liveTestFlag>LIVE</ns2:liveTestFlag>



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    </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 B</com:street1>
                <com:street2>P.O. BOX 3143</com:street2>
                <com:city>PETACH-TIKVA</com:city>
                <com:stateOrCountry>L3</com:stateOrCountry>
                <com:zipCode>4970602</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>68011</ns2:noOfUnitsSold>
            <ns2:aggregateMarketValue>13910289.83</ns2:aggregateMarketValue>
            <ns2:noOfUnitsOutstanding>41765066</ns2:noOfUnitsOutstanding>
            <ns2:approxSaleDate>12/13/2023</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>68011</ns2:amountOfSecuritiesAcquired>
            <ns2:paymentDate>06/10/2015</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 B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>09/13/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>600</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>101555.4</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>09/14/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>1577</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>268666.24</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>10/02/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>2177</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>358167.88</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>10/09/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>700</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>118434.12</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>10/12/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>2177</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>357686.76</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>10/17/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>3654</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>622107.75</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>11/06/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>4354</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>768731.14</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>11/13/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>4354</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>792768.92</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>09/15/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>693</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>117611</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:securitiesSoldInPast3Months>
            <ns2:sellerDetails>
                <ns2:name>Ehud Mokady</ns2:name>
                <ns2:address>
                    <com:street1>9 Hapsagot St., Park Ofer B</com:street1>
                    <com:street2>P.O. BOX 3143</com:street2>
                    <com:city>PETACH-TIKVA</com:city>
                    <com:stateOrCountry>L3</com:stateOrCountry>
                    <com:zipCode>4970602</com:zipCode>
                </ns2:address>
            </ns2:sellerDetails>
            <ns2:securitiesClassTitle>Common</ns2:securitiesClassTitle>
            <ns2:saleDate>11/15/2023</ns2:saleDate>
            <ns2:amountOfSecuritiesSold>3738</ns2:amountOfSecuritiesSold>
            <ns2:grossProceeds>699491</ns2:grossProceeds>
        </ns2:securitiesSoldInPast3Months>
        <ns2:remarks>The sales of shares set forth herein are made in connection with a selling plan dated 08/14/2023, that is intended to comply with Rule 10b5-1(c).</ns2:remarks>
        <ns2:noticeSignature>
            <ns2:noticeDate>12/13/2023</ns2:noticeDate>
            <ns2:planAdoptionDates>
                <ns2:planAdoptionDate>08/14/2023</ns2:planAdoptionDate>
            </ns2:planAdoptionDates>
            <ns2:signature>Goldman Sachs &amp; Co. LLC on behalf of Ehud Mokady</ns2:signature>
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[{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 12189}]
144
0001969276
XXXXXXXX
LIVE
0001598110
CYBERARK SOFTWARE LTD.
001-36625
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
972-3-918-0000
Ehud Mokady
Director
Common
Goldman Sachs & Co. LLC
200 West Street
New York
NY
10282
68011
13910289.83
41765066
12/13/2023
NASD
Common
06/10/2015
Acquired as compensation -- Stock Options
Issuer
N
68011
06/10/2015
Compensation -- Cashless exercise / same-day sale
N
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
09/13/2023
600
101555.4
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
09/14/2023
1577
268666.24
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
10/02/2023
2177
358167.88
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
10/09/2023
700
118434.12
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
10/12/2023
2177
357686.76
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
10/17/2023
3654
622107.75
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
11/06/2023
4354
768731.14
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
11/13/2023
4354
792768.92
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
09/15/2023
693
117611
Ehud Mokady
9 Hapsagot St., Park Ofer B
P.O. BOX 3143
PETACH-TIKVA
L3
4970602
Common
11/15/2023
3738
699491
The sales of shares set forth herein are made in connection with a selling plan dated 08/14/2023, that is intended to comply with Rule 10b5-1(c).
12/13/2023
08/14/2023
Goldman Sachs & Co. LLC on behalf of Ehud Mokady