Moody Lynn & Lieberson LLC Lowers Stock Position in CyberArk Software Ltd. $CYBR

Moody Lynn & Lieberson LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,194 shares of the technology company’s stock after selling 2,840 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in CyberArk Software were worth $3,959,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CYBR. Opal Wealth Advisors LLC purchased a new stake in shares of CyberArk Software in the second quarter worth $30,000. NewSquare Capital LLC boosted its holdings in CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares during the period. AlphaCore Capital LLC purchased a new stake in CyberArk Software in the 2nd quarter worth $33,000. Promus Capital LLC purchased a new stake in CyberArk Software in the 2nd quarter worth $48,000. Finally, GAMMA Investing LLC raised 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 valued at $58,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CYBR shares. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and upped their price objective for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. DA Davidson reissued a “buy” rating and issued a $518.00 price target on shares of CyberArk Software in a report on Friday, November 7th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Barclays reaffirmed an “equal weight” rating and set a $520.00 target price (up from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CyberArk Software currently has an average rating of “Hold” and a consensus target price of $462.63.

CyberArk Software Stock Up 0.0%

NASDAQ CYBR opened at $451.32 on Wednesday. The stock has a 50 day moving average price of $475.93 and a 200-day moving average price of $450.18. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19. 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 company has a market capitalization of $22.78 billion, a P/E ratio of -97.90, a P/E/G ratio of 24.28 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The company had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. CyberArk Software’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, equities analysts predict 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.