BCK Capital Management LP Makes New $1.66 Million Investment in CyberArk Software Ltd. $CYBR

BCK Capital Management LP acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,444 shares of the technology company’s stock, valued at approximately $1,664,000. CyberArk Software comprises about 1.8% of BCK Capital Management LP’s holdings, making the stock its 12th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in CyberArk Software during the 2nd quarter valued at $444,613,000. Alpine Associates Management Inc. bought a new position in shares of CyberArk Software in the third quarter valued at about $98,635,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of CyberArk Software by 85.3% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 362,752 shares of the technology company’s stock worth $147,597,000 after buying an additional 167,000 shares during the last quarter. Lazard Asset Management LLC grew its stake in CyberArk Software by 175.8% in the 2nd quarter. Lazard Asset Management LLC now owns 243,637 shares of the technology company’s stock valued at $99,130,000 after buying an additional 155,294 shares during the last quarter. Finally, Anatole Investment Management Ltd acquired a new position in CyberArk Software in the 2nd quarter valued at about $58,075,000. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Mizuho cut their price objective on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Piper Sandler set a $474.00 price target on CyberArk Software in a research note on Wednesday, December 17th. DA Davidson upped their price objective on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and lifted their target price for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Finally, Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $459.95.

CyberArk Software Stock Performance

CYBR opened at $408.85 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The firm has a market cap of $20.64 billion, a P/E ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The business’s fifty day moving average is $436.60 and its 200-day moving average is $459.61.

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

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.