Citigroup Inc. Purchases 24,727 Shares of CyberArk Software Ltd. $CYBR

Citigroup Inc. lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 12.0% during the 2nd quarter, Holdings Channel reports. The fund owned 230,867 shares of the technology company’s stock after acquiring an additional 24,727 shares during the quarter. Citigroup Inc.’s holdings in CyberArk Software were worth $93,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of CyberArk Software by 12.2% during the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after purchasing an additional 122,423 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after buying an additional 921,523 shares in the last quarter. Voya Investment Management LLC grew its holdings in CyberArk Software by 0.7% during the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after acquiring an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CyberArk Software by 82.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after acquiring an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of CyberArk Software by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock worth $228,161,000 after acquiring an additional 106,435 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CYBR shares. KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Canaccord Genuity Group downgraded 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 report on Wednesday, October 15th. Rosenblatt Securities cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price for the company. in a research note on Friday, August 1st. BTIG Research downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $455.96.

CyberArk Software Stock Performance

CYBR stock opened at $478.76 on Wednesday. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market cap of $24.17 billion, a P/E ratio of -142.07 and a beta of 1.01. The business’s fifty day moving average is $495.39 and its 200-day moving average is $433.22.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.