Mirae Asset Global Investments Co. Ltd. Increases Stake in CyberArk Software Ltd. $CYBR

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 33.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,382 shares of the technology company’s stock after buying an additional 1,612 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CyberArk Software were worth $3,083,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in CyberArk Software by 120.7% during the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $33,000. Root Financial Partners LLC purchased a new stake in shares of CyberArk Software in the third quarter valued at approximately $56,000. Finally, Promus Capital LLC acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $48,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Down 0.8%

Shares of CYBR stock opened at $427.27 on Tuesday. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The firm has a market cap of $21.57 billion, a PE ratio of -92.68, a price-to-earnings-growth ratio of 19.66 and a beta of 0.91. The company has a 50-day moving average of $452.26 and a two-hundred day moving average of $459.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.92 by $0.28. The firm 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 for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. On average, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. Canaccord Genuity Group cut shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their price objective for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of CyberArk Software in a report on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $462.63.

About CyberArk Software

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.