Cerity Partners LLC Sells 8,465 Shares of CyberArk Software Ltd. $CYBR

Cerity Partners LLC lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,994 shares of the technology company’s stock after selling 8,465 shares during the period. Cerity Partners LLC owned 0.08% of CyberArk Software worth $20,290,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CYBR. Opal Wealth Advisors LLC purchased a new position in CyberArk Software during the second quarter valued at $30,000. NewSquare Capital LLC lifted its position in CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the period. AlphaCore Capital LLC bought a new stake in CyberArk Software during the second quarter worth about $33,000. Promus Capital LLC bought a new stake in CyberArk Software during the second quarter worth about $48,000. Finally, GAMMA Investing LLC increased its stake in shares of CyberArk Software by 116.1% during the third quarter. GAMMA Investing LLC now owns 121 shares of the technology company’s stock valued at $58,000 after purchasing an additional 65 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. Canaccord Genuity Group lowered 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 research report on Wednesday, October 15th. JPMorgan Chase & Co. initiated coverage on shares of CyberArk Software in a research report on Wednesday, December 17th. They set a “neutral” rating and a $474.00 price objective on the stock. Weiss Ratings started coverage on shares of CyberArk Software in a research note on Saturday, November 1st. They set a “sell (d-)” rating for the company. Finally, DA Davidson reiterated a “buy” rating and issued a $518.00 target price on shares of CyberArk Software in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $462.63.

CyberArk Software Price Performance

CYBR opened at $456.73 on Friday. The company’s 50-day simple moving average is $465.76 and its two-hundred day simple moving average is $452.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market capitalization of $23.06 billion, a P/E ratio of -99.07, a P/E/G ratio of 21.42 and a beta of 0.92. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. The firm had revenue of $342.84 million during 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 firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.