1832 Asset Management L.P. Has $151.56 Million Stake in CyberArk Software Ltd. $CYBR

1832 Asset Management L.P. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,503 shares of the technology company’s stock after selling 11,043 shares during the quarter. 1832 Asset Management L.P.’s holdings in CyberArk Software were worth $151,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Prudential PLC increased its position in CyberArk Software by 2.4% during the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management grew its stake in shares of CyberArk Software by 1.1% during the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock worth $932,000 after buying an additional 31 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in shares of CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock worth $2,415,000 after buying an additional 38 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of CyberArk Software by 7.4% in the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock valued at $236,000 after acquiring an additional 40 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

CYBR has been the topic of a number of recent research reports. Citigroup lowered CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. DA Davidson reaffirmed a “buy” rating and set a $518.00 price target on shares of CyberArk Software in a research note on Friday, November 7th. Zacks Research raised shares of CyberArk Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and upped their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Eight equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and a consensus target price of $455.96.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $457.70 on Wednesday. The firm has a 50 day moving average of $490.00 and a 200-day moving average of $439.65. The company has a market cap of $23.10 billion, a price-to-earnings ratio of -99.28, a price-to-earnings-growth ratio of 25.53 and a beta of 0.99. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. CyberArk Software’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.