Lbp Am Sa Trims Position in CyberArk Software Ltd. $CYBR

Lbp Am Sa lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 47.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,078 shares of the technology company’s stock after selling 5,485 shares during the period. Lbp Am Sa’s holdings in CyberArk Software were worth $2,937,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its stake in shares of CyberArk Software by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after acquiring an additional 94,318 shares during the last quarter. Norges Bank bought a new stake in CyberArk Software in the 2nd quarter valued at $444,613,000. State Street Corp lifted its stake in CyberArk Software by 1.3% in the 2nd quarter. State Street Corp now owns 817,272 shares of the technology company’s stock worth $332,532,000 after purchasing an additional 10,676 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CyberArk Software by 3.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 524,623 shares of the technology company’s stock valued at $205,511,000 after purchasing an additional 19,728 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of CyberArk Software by 7.4% in the second quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock worth $206,998,000 after purchasing an additional 34,850 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Down 0.2%

NASDAQ CYBR opened at $445.54 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $453.67 and its 200-day moving average price is $458.15. The stock has a market cap of $22.49 billion, a PE ratio of -96.65, a PEG ratio of 20.37 and a beta of 0.92. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. The company 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%. CyberArk Software’s revenue was up 42.8% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research reports. Canaccord Genuity Group cut shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. Piper Sandler set a $474.00 target price on shares of CyberArk Software in a report on Wednesday, December 17th. DA Davidson reaffirmed a “buy” rating and issued a $518.00 price target on shares of CyberArk Software in a report on Friday, November 7th. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $462.63.

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.