CyberArk Software Ltd. $CYBR Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 97.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97 shares of the technology company’s stock after selling 3,722 shares during the period. Global Retirement Partners LLC’s holdings in CyberArk Software were worth $47,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK bought a new position in CyberArk Software during the third quarter valued at approximately $739,000. Signaturefd LLC boosted its holdings in CyberArk Software by 5.4% in the 3rd quarter. Signaturefd LLC now owns 1,416 shares of the technology company’s stock valued at $684,000 after purchasing an additional 73 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $254,000. Nicholas Wealth LLC. lifted its position in CyberArk Software by 14.2% in the third quarter. Nicholas Wealth LLC. now owns 3,681 shares of the technology company’s stock worth $1,778,000 after purchasing an additional 458 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter valued at about $1,201,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CYBR. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. DA Davidson reiterated a “buy” rating and set a $518.00 target price on shares of CyberArk Software in a report on Friday, November 7th. Citizens Jmp cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and boosted their target price for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has an average rating of “Hold” and an average price target of $462.63.

CyberArk Software Trading Up 0.2%

CYBR opened at $461.71 on Thursday. The company has a 50-day simple moving average of $462.69 and a 200 day simple moving average of $454.36. The stock has a market capitalization of $23.31 billion, a price-to-earnings ratio of -100.15, a P/E/G ratio of 21.41 and a beta of 0.92. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analyst estimates 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 revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. Analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.