Blair William & Co. IL Trims Position in CyberArk Software Ltd. $CYBR

Blair William & Co. IL reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 82.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,521 shares of the technology company’s stock after selling 164,657 shares during the period. Blair William & Co. IL owned 0.07% of CyberArk Software worth $17,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sheets Smith Wealth Management increased its stake in shares of CyberArk Software by 0.7% during the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after buying an additional 23 shares during the period. Portside Wealth Group LLC lifted its position in shares of CyberArk Software by 1.1% in the 3rd quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after purchasing an additional 23 shares during the period. Signal Advisors Wealth LLC increased its holdings in CyberArk Software by 0.6% during the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after buying an additional 24 shares during the period. Level Four Advisory Services LLC raised its holdings in CyberArk Software by 0.6% in the third quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock worth $1,877,000 after purchasing an additional 25 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in 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 acquiring an additional 29 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 0.1%

Shares of 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 company has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The stock’s 50-day moving average price is $428.09 and its 200-day moving average price is $459.70. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly 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. The firm had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CYBR. DA Davidson lifted their price target on shares of CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Mizuho dropped their price target on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a report on Wednesday, December 17th. Finally, 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 research report on Thursday, February 5th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.