Atika Capital Management LLC Reduces Position in CyberArk Software Ltd. $CYBR

Atika Capital Management LLC lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,855 shares of the technology company’s stock after selling 3,845 shares during the period. CyberArk Software accounts for 1.6% of Atika Capital Management LLC’s holdings, making the stock its 22nd biggest position. Atika Capital Management LLC owned 0.08% of CyberArk Software worth $15,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in CyberArk Software by 32.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,335 shares of the technology company’s stock worth $1,357,000 after acquiring an additional 813 shares during the period. Employees Retirement System of Texas purchased a new position in shares of CyberArk Software in the second quarter worth about $152,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of CyberArk Software during the second quarter worth about $1,253,000. Hel Ved Capital Management Ltd purchased a new stake in CyberArk Software in the second quarter valued at approximately $1,099,000. Finally, Russell Investments Group Ltd. boosted its position in CyberArk Software by 2.6% in the second quarter. Russell Investments Group Ltd. now owns 31,681 shares of the technology company’s stock valued at $12,890,000 after buying an additional 798 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 0.4%

NASDAQ CYBR opened at $445.60 on Thursday. The business has a fifty day moving average price of $492.56 and a 200 day moving average price of $436.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $22.49 billion, a P/E ratio of -132.23 and a beta of 1.01. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. The company 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 13.78% and a positive return on equity of 0.44%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CYBR shares. William Blair downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. DA Davidson restated a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a research report on Friday, November 7th. Citizens Jmp cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Stifel Nicolaus reissued a “hold” rating and set a $444.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Scotiabank restated a “sector perform” rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $455.96.

About CyberArk Software

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.