SG Americas Securities LLC Buys 11,312 Shares of CyberArk Software Ltd. $CYBR

SG Americas Securities LLC grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,711 shares of the technology company’s stock after acquiring an additional 11,312 shares during the quarter. SG Americas Securities LLC’s holdings in CyberArk Software were worth $59,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in CyberArk Software in the second quarter valued at approximately $30,000. NewSquare Capital LLC increased its position 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 buying an additional 32 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in CyberArk Software during the 2nd quarter worth $33,000. Promus Capital LLC acquired a new stake in CyberArk Software during the 2nd quarter worth $48,000. Finally, GAMMA Investing LLC lifted its holdings in CyberArk Software by 116.1% during the third quarter. GAMMA Investing LLC now owns 121 shares of the technology company’s stock worth $58,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

CYBR has been the subject of several recent analyst reports. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. Zacks Research raised CyberArk Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. JMP Securities restated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. JPMorgan Chase & Co. started coverage on shares of CyberArk Software in a report on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price target for the company. Finally, Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and a consensus price target of $462.63.

CyberArk Software Price Performance

Shares of CYBR opened at $467.82 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The stock has a market capitalization of $23.62 billion, a P/E ratio of -101.48, a P/E/G ratio of 20.91 and a beta of 0.92. The company has a 50 day moving average of $468.15 and a 200-day moving average of $452.25.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 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 firm’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.