Baillie Gifford & Co. Sells 44,187 Shares of CyberArk Software Ltd. $CYBR

Baillie Gifford & Co. decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 37.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,731 shares of the technology company’s stock after selling 44,187 shares during the period. Baillie Gifford & Co. owned about 0.15% of CyberArk Software worth $35,623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in CyberArk Software by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after acquiring an additional 94,318 shares during the last quarter. Norges Bank purchased a new stake in shares of CyberArk Software in the second quarter valued at about $444,613,000. State Street Corp lifted its position in shares of CyberArk Software by 1.3% during the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after purchasing an additional 10,676 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of CyberArk Software by 3.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 524,623 shares of the technology company’s stock valued at $205,511,000 after purchasing an additional 19,728 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in CyberArk Software by 7.4% during the second quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock worth $206,998,000 after purchasing an additional 34,850 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 1.0%

Shares of CYBR opened at $438.22 on Friday. The business has a 50-day moving average of $455.06 and a 200 day moving average of $456.80. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The firm has a market cap of $22.12 billion, a P/E ratio of -95.06, a price-to-earnings-growth ratio of 19.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14.

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

Wall Street Analysts Forecast Growth

CYBR has been the subject of several analyst reports. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. JPMorgan Chase & Co. initiated coverage on CyberArk Software in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price objective on the stock. Barclays reaffirmed an “equal weight” rating and set a $520.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $462.63.

About CyberArk Software

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.