LGT Group Foundation Cuts Stock Position in CyberArk Software Ltd. $CYBR

LGT Group Foundation cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 92.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,598 shares of the technology company’s stock after selling 71,688 shares during the quarter. LGT Group Foundation’s holdings in CyberArk Software were worth $2,744,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after acquiring an additional 53 shares during the period. Parkside Financial Bank & Trust raised its stake in CyberArk Software by 120.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after purchasing an additional 35 shares during the period. AlphaCore Capital LLC purchased a new position in CyberArk Software in the 2nd quarter worth approximately $33,000. UMB Bank n.a. boosted 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 worth $42,000 after purchasing an additional 29 shares during the period. Finally, Promus Capital LLC purchased a new stake in CyberArk Software during the 2nd quarter valued at approximately $48,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

CyberArk Software stock opened at $408.85 on Tuesday. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $427.24 and its 200 day moving average is $459.52. 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 issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.18. The business had revenue of $372.65 million during the quarter, compared to analysts’ expectations of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

CYBR has been the topic of several research analyst reports. Barclays lowered their target price on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a report on Wednesday, December 17th. Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. JPMorgan Chase & Co. cut their price objective on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Finally, Mizuho reduced their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $459.95.

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.