AlphaCore Capital LLC Increases Position in CyberArk Software Ltd. $CYBR

AlphaCore Capital LLC boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1,500.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,312 shares of the technology company’s stock after acquiring an additional 1,230 shares during the quarter. AlphaCore Capital LLC’s holdings in CyberArk Software were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CYBR. Sheets Smith Wealth Management lifted its position in CyberArk Software by 0.7% in the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 23 shares during the period. Portside Wealth Group LLC increased its position in shares of CyberArk Software by 1.1% in the third quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock valued at $989,000 after buying an additional 23 shares in the last quarter. Signal Advisors Wealth LLC increased its holdings in CyberArk Software by 0.6% during the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after acquiring an additional 24 shares in the last quarter. UMB Bank n.a. grew its position 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 valued at $42,000 after purchasing an additional 29 shares during the last quarter. Finally, Blue Trust Inc. increased its position in CyberArk Software by 2.9% during the third quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock worth $512,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of several recent analyst reports. Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and upped their price objective for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Piper Sandler set a $474.00 price objective on CyberArk Software in a research report on Wednesday, December 17th. Finally, Barclays dropped their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Stock Performance

CyberArk Software stock opened at $408.85 on Friday. The company has a market cap of $20.64 billion, a price-to-earnings ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. The stock’s 50-day moving average is $432.60 and its 200-day moving average is $459.75.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The business had revenue of $372.65 million during the quarter, compared to analysts’ expectations of $377.22 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.