Victory Capital Management Inc. Trims Stake in CyberArk Software Ltd. $CYBR

Victory Capital Management Inc. decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 63.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,247 shares of the technology company’s stock after selling 105,029 shares during the period. Victory Capital Management Inc.’s holdings in CyberArk Software were worth $29,108,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CYBR. Sheets Smith Wealth Management lifted its position in shares of CyberArk Software by 0.7% in the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after acquiring an additional 23 shares in the last quarter. Portside Wealth Group LLC increased its position in CyberArk Software by 1.1% during the 3rd quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after purchasing an additional 23 shares in the last quarter. Signal Advisors Wealth LLC increased its position in CyberArk Software by 0.6% during the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after purchasing an additional 24 shares in the last quarter. UMB Bank n.a. raised its stake in CyberArk Software by 50.0% in the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after purchasing an additional 29 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in CyberArk Software by 2.9% in the 3rd quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock valued at $512,000 after purchasing an additional 30 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CyberArk Software stock opened at $408.85 on Monday. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The firm has a 50 day moving average price of $428.09 and a 200 day moving average price of $459.70. The company has a market cap of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The company had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same quarter last year, the firm posted $0.80 earnings per share. CyberArk Software’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CYBR. Mizuho decreased their price target on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a research note on Wednesday, December 17th. Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. Finally, Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CyberArk Software presently has an average rating of “Hold” and a consensus price target of $459.95.

CyberArk Software Company 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.