DLD Asset Management LP Takes $3.44 Million Position in CyberArk Software Ltd. $CYBR

DLD Asset Management LP purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,124 shares of the technology company’s stock, valued at approximately $3,442,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in shares of CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after acquiring an additional 53 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of CyberArk Software by 120.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after purchasing an additional 35 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $33,000. UMB Bank n.a. boosted its stake in CyberArk Software by 50.0% in the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after purchasing an additional 29 shares in the last quarter. Finally, Promus Capital LLC bought a new position in CyberArk Software in the 2nd quarter worth about $48,000. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CYBR shares. Barclays reduced 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 note on Thursday, February 5th. Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Mizuho reduced their price target on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report 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, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. One equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Price Performance

CYBR opened at $408.85 on Monday. The company’s 50-day simple moving average is $428.09 and its two-hundred day simple moving average is $459.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The stock 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. 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 EPS for the quarter, topping 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 firm had revenue of $372.65 million during the quarter, compared to analyst estimates of $377.22 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.