CyberArk Software Ltd. $CYBR Shares Sold by Aberdeen Group plc

Aberdeen Group plc decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 84.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,202 shares of the technology company’s stock after selling 33,947 shares during the period. Aberdeen Group plc’s holdings in CyberArk Software were worth $3,003,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CYBR. First Trust Advisors LP increased its position in CyberArk Software by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after purchasing an additional 94,318 shares in the last quarter. Norges Bank acquired a new stake in shares of CyberArk Software during the 2nd quarter worth about $444,613,000. State Street Corp boosted its stake in shares of CyberArk Software by 1.3% during the 2nd quarter. State Street Corp now owns 817,272 shares of the technology company’s stock worth $332,532,000 after purchasing an additional 10,676 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of CyberArk Software by 7.4% during the second quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock worth $206,998,000 after buying an additional 34,850 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CyberArk Software by 2.9% in the second quarter. Geode Capital Management LLC now owns 436,339 shares of the technology company’s stock valued at $176,402,000 after buying an additional 12,324 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reduced their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Citigroup lowered CyberArk Software from a “buy” rating to a “hold” rating and upped their target price for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Finally, Piper Sandler set a $474.00 target price on CyberArk Software in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $408.85 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The firm 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 business’s 50-day simple moving average is $436.60 and its 200-day simple moving average is $459.99.

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 the consensus estimate of $1.15 by $0.18. The firm had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. CyberArk Software’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. Equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Profile

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.