Shares Of CyberArk Lower After CEO Hints He Has No Interest In Being Acquired By Check Point Software

Shares of

were trading lower by more than 2 percent early Wednesday afternoon after the company's CEO Udi Mokady hinted he is not interested in being acquired by rival

Rumors surfaced on January 13 that Cyberark is being eyed as an acquisition target by Check Point Software. Related Link:

Speaking to

on Wednesday, Mokady suggested that he is interesting in growing his company "independently." "We're no different from any other company," Mokady said. "We're focused on our opportunity." He further added, "Our goal is to really build it large." Shares of Check Point Software were trading lower by 0.70 percent at $75.52.