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

Moody Lynn & Lieberson LLC trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 25.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,194 shares of the technology company’s stock after selling 2,840 shares during the period. Moody Lynn & Lieberson LLC’s holdings in CyberArk Software were worth $3,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC raised its stake in CyberArk Software by 41.9% during the first quarter. Kestra Advisory Services LLC now owns 2,578 shares of the technology company’s stock valued at $871,000 after buying an additional 761 shares during the last quarter. Corebridge Financial Inc. raised its position in shares of CyberArk Software by 4.0% in the 1st quarter. Corebridge Financial Inc. now owns 7,505 shares of the technology company’s stock worth $2,537,000 after purchasing an additional 290 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of CyberArk Software by 328.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,091 shares of the technology company’s stock worth $2,059,000 after purchasing an additional 4,668 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in CyberArk Software by 2,502.8% in the 1st quarter. Panagora Asset Management Inc. now owns 16,944 shares of the technology company’s stock worth $5,727,000 after purchasing an additional 16,293 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in CyberArk Software by 28.5% during the 1st quarter. Baird Financial Group Inc. now owns 18,058 shares of the technology company’s stock valued at $6,104,000 after purchasing an additional 4,010 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR opened at $451.32 on Wednesday. The company’s 50 day moving average is $475.93 and its 200 day moving average is $450.18. 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 has a market cap of $22.78 billion, a price-to-earnings ratio of -97.90, a PEG ratio of 24.28 and a beta of 0.99. CyberArk Software Ltd. has a 12-month low of $288.63 and a 12-month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released 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. The business had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

CYBR has been the subject of a number of recent analyst reports. Citigroup lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Citizens Jmp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. DA Davidson reiterated a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a report on Friday, November 7th. Barclays reissued an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Finally, Weiss Ratings assumed coverage on shares of CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $462.63.

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.