Oppenheimer & Co. Inc. Sells 4,378 Shares of CyberArk Software Ltd. $CYBR

Oppenheimer & Co. Inc. trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 79.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,135 shares of the technology company’s stock after selling 4,378 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CyberArk Software were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CYBR. Cornerstone Planning Group LLC boosted its position in shares of CyberArk Software by 5,300.0% during the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. NewSquare Capital LLC raised 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 worth $30,000 after purchasing an additional 32 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in CyberArk Software by 120.7% during the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after buying an additional 35 shares during the period. AlphaCore Capital LLC bought a new stake in shares of CyberArk Software during the 2nd quarter valued at $33,000. Finally, UMB Bank n.a. grew its position in shares of CyberArk Software by 50.0% in the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

NASDAQ CYBR opened at $408.85 on Wednesday. The business’s fifty day moving average price is $439.83 and its 200-day moving average price is $460.32. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The company had revenue of $372.65 million during the quarter, compared to analyst estimates of $377.22 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. CyberArk Software’s revenue was up 18.5% compared to the same quarter last year. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of recent research reports. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research report on Wednesday, December 17th. Barclays lowered their target price on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. Mizuho lowered their price objective on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $459.95.

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.