Cresset Asset Management LLC Has $600,000 Stock Holdings in CyberArk Software Ltd. $CYBR

Cresset Asset Management LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 53.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,241 shares of the technology company’s stock after selling 1,431 shares during the quarter. Cresset Asset Management LLC’s holdings in CyberArk Software were worth $600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CYBR. First Trust Advisors LP lifted its stake in shares of 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 buying an additional 94,318 shares during the last quarter. Norges Bank acquired a new position in CyberArk Software in the 2nd quarter valued at about $444,613,000. State Street Corp grew its stake in CyberArk Software by 1.3% in the 2nd quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after buying an additional 10,676 shares during the last quarter. Citigroup Inc. raised its holdings in CyberArk Software by 144.8% in the 3rd quarter. Citigroup Inc. now owns 565,048 shares of the technology company’s stock valued at $273,003,000 after acquiring an additional 334,181 shares during the period. Finally, Bank of America Corp DE raised its holdings in CyberArk Software by 7.4% in the 2nd quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock valued at $206,998,000 after acquiring an additional 34,850 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. DA Davidson lifted their price target on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Mizuho reduced their price target on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Piper Sandler set a $474.00 price objective on CyberArk Software in a 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $408.85 on Thursday. CyberArk Software Ltd. has a 12-month low of $288.63 and a 12-month high of $526.19. The company’s 50 day moving average price is $425.65 and its two-hundred day moving average price is $458.94. The firm 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. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The company had revenue of $372.65 million during 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. Equities research analysts predict 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.