Federated Hermes Inc. Decreases Holdings in CyberArk Software Ltd. $CYBR

Federated Hermes Inc. trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 34.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,117 shares of the technology company’s stock after selling 107,498 shares during the period. Federated Hermes Inc. owned approximately 0.41% of CyberArk Software worth $100,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. AXA S.A. boosted its stake in shares of CyberArk Software by 1.4% in the second quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock worth $47,825,000 after buying an additional 1,571 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in CyberArk Software in the second quarter valued at approximately $1,504,000. Stratos Wealth Partners LTD. acquired a new position in CyberArk Software in the second quarter valued at approximately $214,000. Park Avenue Securities LLC purchased a new stake in CyberArk Software in the 3rd quarter worth approximately $1,643,000. Finally, World Investment Advisors acquired a new stake in shares of CyberArk Software during the 2nd quarter worth approximately $211,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Up 0.0%

CYBR opened at $445.66 on Thursday. The company has a market cap of $22.50 billion, a PE ratio of -96.67, a price-to-earnings-growth ratio of 20.33 and a beta of 0.92. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The company has a 50-day moving average price of $453.07 and a 200 day moving average price of $458.07. 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 (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The company had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same period in the previous year, the business earned $0.94 EPS. CyberArk Software’s quarterly revenue was up 42.8% on a year-over-year basis. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. Barclays reiterated an “equal weight” rating and issued a $520.00 target price (up from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a research report on Wednesday, December 17th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Citigroup lowered CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Finally, Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and upped their price target for the stock from $440.00 to $502.00 in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CyberArk Software has a consensus rating of “Hold” and an average target price of $462.63.

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.