12,361 Shares in CyberArk Software Ltd. $CYBR Acquired by Credit Industriel ET Commercial

Credit Industriel ET Commercial acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,361 shares of the technology company’s stock, valued at approximately $5,972,000. CyberArk Software makes up approximately 0.5% of Credit Industriel ET Commercial’s holdings, making the stock its 27th largest position.

Several other hedge funds have also added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its position in shares of CyberArk Software by 5,300.0% in 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 last quarter. NewSquare Capital LLC increased its stake in CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in CyberArk Software by 120.7% in the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after buying an additional 35 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of CyberArk Software in the second quarter worth approximately $33,000. Finally, UMB Bank n.a. lifted its stake in shares of CyberArk Software by 50.0% in the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after buying an additional 29 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $408.85 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The firm’s 50 day moving average price is $442.28 and its 200-day moving average price is $460.38. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $377.22 million. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CYBR. Barclays decreased their price objective 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. Mizuho reduced their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and upped their price target for the company from $465.00 to $524.00 in a report on Tuesday, November 4th. Piper Sandler set a $474.00 price objective on CyberArk Software in a report on Wednesday, December 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.