Barclays PLC Acquires 426,441 Shares of CyberArk Software Ltd. $CYBR

Barclays PLC grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 948.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 471,411 shares of the technology company’s stock after acquiring an additional 426,441 shares during the period. Barclays PLC owned about 0.93% of CyberArk Software worth $227,762,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in CyberArk Software by 5,300.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after purchasing an additional 53 shares during the period. NewSquare Capital LLC lifted its holdings in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares during the period. Parkside Financial Bank & Trust grew its position in shares of CyberArk Software by 120.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after buying an additional 35 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of CyberArk Software during the 2nd quarter worth $33,000. Finally, UMB Bank n.a. increased its stake in shares of CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $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 Stock Down 0.1%

NASDAQ:CYBR opened at $408.85 on Friday. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The stock has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The company’s 50-day simple moving average is $428.09 and its 200-day simple moving average is $459.36.

CyberArk Software (NASDAQ:CYBR) last posted 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 negative net margin of 10.79% and a positive return on equity of 0.77%. The firm 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 business posted $0.80 EPS. CyberArk Software’s revenue was up 18.5% on a year-over-year basis. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CYBR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a research note on Wednesday, December 17th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. JPMorgan Chase & Co. lowered their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Finally, Barclays dropped their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.