Y.D. More Investments Ltd Decreases Stock Position in CyberArk Software Ltd. $CYBR

Y.D. More Investments Ltd cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 41.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,533 shares of the technology company’s stock after selling 3,275 shares during the quarter. Y.D. More Investments Ltd’s holdings in CyberArk Software were worth $2,193,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CYBR. AQR Capital Management LLC bought a new stake in shares of CyberArk Software during the first quarter worth $284,000. CWM LLC grew its position in shares of CyberArk Software by 74.3% during the 2nd quarter. CWM LLC now owns 387 shares of the technology company’s stock valued at $157,000 after acquiring an additional 165 shares during the period. Harbour Investments Inc. increased its stake in shares of CyberArk Software by 22.2% in the 2nd quarter. Harbour Investments Inc. now owns 248 shares of the technology company’s stock valued at $101,000 after purchasing an additional 45 shares in the last quarter. Nordea Investment Management AB boosted its position in CyberArk Software by 31.6% during the second quarter. Nordea Investment Management AB now owns 6,183 shares of the technology company’s stock worth $2,500,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in CyberArk Software in the 2nd quarter worth $214,000. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Mizuho dropped their target price on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Barclays decreased 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 research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Trading Down 0.1%

Shares of NASDAQ CYBR traded down $0.37 during midday trading on Friday, reaching $408.85. 8,285,000 shares of the stock were exchanged, compared to its average volume of 1,215,444. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The stock has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a 50 day simple moving average of $437.68 and a 200 day simple moving average of $459.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00.

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 the consensus estimate of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. During the same period in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.