CyberArk Software Ltd. $CYBR Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 484.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,966 shares of the technology company’s stock after buying an additional 52,186 shares during the period. Calamos Advisors LLC owned about 0.12% of CyberArk Software worth $30,422,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its position in shares of CyberArk Software by 0.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 23 shares during the last quarter. Signal Advisors Wealth LLC lifted its position in shares of CyberArk Software by 0.6% during the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after purchasing an additional 24 shares during the last quarter. Blue Trust Inc. grew its stake in shares of CyberArk Software by 2.9% during the third quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock worth $512,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management grew its stake in shares of CyberArk Software by 1.1% during the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock worth $932,000 after purchasing an additional 31 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CYBR shares. Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the stock from $440.00 to $502.00 in a report on Wednesday, October 15th. Piper Sandler set a $474.00 target price on CyberArk Software in a research report on Wednesday, December 17th. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. JPMorgan Chase & Co. started coverage on shares of CyberArk Software in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price target on the stock. Finally, Barclays reissued an “equal weight” rating and set a $520.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $462.63.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $451.32 on Wednesday. The firm’s fifty day moving average price is $475.93 and its 200 day moving average price is $450.18. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of -97.90, a price-to-earnings-growth ratio of 24.28 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. The company had revenue of $342.84 million during 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%. CyberArk Software’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.