Assetmark Inc. Decreases Stake in CyberArk Software Ltd. $CYBR

Assetmark Inc. cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 92.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 338 shares of the technology company’s stock after selling 4,389 shares during the period. Assetmark Inc.’s holdings in CyberArk Software were worth $163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC purchased a new stake in CyberArk Software during the 1st quarter worth approximately $284,000. CWM LLC lifted its holdings in CyberArk Software by 74.3% in the second quarter. CWM LLC now owns 387 shares of the technology company’s stock worth $157,000 after acquiring an additional 165 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in CyberArk Software during the 2nd quarter valued at approximately $214,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of CyberArk Software by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,266 shares of the technology company’s stock valued at $919,000 after acquiring an additional 51 shares during the period. Finally, Brookstone Capital Management lifted its position in CyberArk Software by 13.0% in the 2nd quarter. Brookstone Capital Management now owns 688 shares of the technology company’s stock valued at $280,000 after purchasing an additional 79 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $408.85 on Tuesday. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $435.80 and a two-hundred day moving average of $460.36. The company 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.

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

Analyst Upgrades and Downgrades

Several research firms have commented on CYBR. Piper Sandler set a $474.00 target price on shares of CyberArk Software in a research report on Wednesday, December 17th. Barclays cut their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. DA Davidson raised their price target on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and an average price target of $459.95.

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.