Lbp Am Sa Has $2.94 Million Stake in CyberArk Software Ltd. $CYBR

Lbp Am Sa reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 47.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AXA S.A. lifted its position in CyberArk Software by 1.4% in the 2nd quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock valued at $47,825,000 after acquiring an additional 1,571 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of CyberArk Software in the second quarter worth approximately $1,504,000. Stratos Wealth Partners LTD. bought a new position in shares of CyberArk Software in the second quarter valued at approximately $214,000. Park Avenue Securities LLC purchased a new position in shares of CyberArk Software during the third quarter valued at approximately $1,643,000. Finally, World Investment Advisors bought a new stake in CyberArk Software during the second quarter worth $211,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 0.2%

Shares of CyberArk Software stock opened at $445.54 on Wednesday. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of -96.65, a PEG ratio of 20.37 and a beta of 0.92. The company has a 50-day moving average of $453.67 and a 200 day moving average of $458.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. The business had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CYBR shares. DA Davidson reissued a “buy” rating and set a $518.00 target price on shares of CyberArk Software in a report on Friday, November 7th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Barclays reaffirmed an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. JPMorgan Chase & Co. initiated coverage on CyberArk Software in a report on Wednesday, December 17th. They set a “neutral” rating and a $474.00 target price for the company. Finally, Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently 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.