LMR Partners LLP Trims Stock Position in CyberArk Software Ltd. $CYBR

LMR Partners LLP trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 22.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,000 shares of the technology company’s stock after selling 29,605 shares during the period. LMR Partners LLP’s holdings in CyberArk Software were worth $42,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in CyberArk Software in the second quarter valued at $30,000. NewSquare Capital LLC lifted its holdings in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of CyberArk Software in the 2nd quarter valued at about $33,000. WPG Advisers LLC acquired a new stake in shares of CyberArk Software in the 1st quarter valued at about $74,000. Finally, DHJJ Financial Advisors Ltd. purchased a new position in CyberArk Software during the 2nd quarter worth approximately $81,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CYBR has been the subject of a number of research reports. Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. DA Davidson reissued a “buy” rating and set a $518.00 price objective on shares of CyberArk Software in a research report on Friday, November 7th. Weiss Ratings initiated coverage on shares of CyberArk Software in a research note on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. Finally, Barclays reiterated an “equal weight” rating and set a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $459.75.

CyberArk Software Stock Up 0.7%

Shares of CyberArk Software stock opened at $462.86 on Friday. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19. The company has a market cap of $23.37 billion, a P/E ratio of -100.40, a PEG ratio of 24.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a fifty day moving average of $487.32 and a two-hundred day moving average of $444.31.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. The business had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.