Atika Capital Management LLC Has $21.67 Million Holdings in CyberArk Software Ltd. $CYBR

Atika Capital Management LLC grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,855 shares of the technology company’s stock after acquiring an additional 6,000 shares during the quarter. CyberArk Software comprises 1.7% of Atika Capital Management LLC’s holdings, making the stock its 17th largest holding. Atika Capital Management LLC owned 0.09% of CyberArk Software worth $21,672,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of CyberArk Software by 19.3% in the third quarter. BNP Paribas Financial Markets now owns 28,003 shares of the technology company’s stock valued at $13,530,000 after buying an additional 4,534 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of CyberArk Software by 1.8% during the third quarter. Mackenzie Financial Corp now owns 3,359 shares of the technology company’s stock worth $1,623,000 after acquiring an additional 59 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of CyberArk Software during the third quarter worth about $102,061,000. Legal & General Group Plc raised its holdings in shares of CyberArk Software by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 614,313 shares of the technology company’s stock worth $296,805,000 after acquiring an additional 41,340 shares during the last quarter. Finally, DLD Asset Management LP acquired a new stake in shares of CyberArk Software in the 3rd quarter worth about $3,442,000. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CYBR shares. Piper Sandler set a $474.00 price objective on CyberArk Software in a report on Wednesday, December 17th. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. 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 report on Thursday, February 5th. DA Davidson upped their price target on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CyberArk Software has a consensus rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Price Performance

CyberArk Software stock opened at $408.85 on Thursday. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The company’s 50 day moving average price is $425.65 and its two-hundred day moving average price is $458.94. The stock has a market cap 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 quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.18. The company had revenue of $372.65 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.