CyberArk Software Ltd. $CYBR Holdings Decreased by NewEdge Wealth LLC

NewEdge Wealth LLC lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 45.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,856 shares of the technology company’s stock after selling 1,523 shares during the quarter. NewEdge Wealth LLC’s holdings in CyberArk Software were worth $939,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in shares of CyberArk Software by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after acquiring an additional 94,318 shares during the period. Norges Bank bought a new stake in CyberArk Software during the second quarter worth approximately $444,613,000. State Street Corp raised its holdings in CyberArk Software by 1.3% during the second 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 in the last quarter. Bank of America Corp DE lifted its position in CyberArk Software by 7.4% in the second quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock worth $206,998,000 after purchasing an additional 34,850 shares during the period. Finally, Geode Capital Management LLC boosted its stake in CyberArk Software by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 436,339 shares of the technology company’s stock valued at $176,402,000 after purchasing an additional 12,324 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. Barclays lowered their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Piper Sandler set a $474.00 target price on shares of CyberArk Software in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $459.95.

CyberArk Software Price Performance

NASDAQ CYBR opened at $408.85 on Monday. The stock’s 50-day moving average price is $436.60 and its two-hundred day moving average price is $460.31. 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 company has a market cap of $20.64 billion, a PE ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year 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, 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 company had revenue of $372.65 million during the quarter, compared to analysts’ expectations of $377.22 million. During the same period last year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.