Squarepoint Ops LLC Lowers Holdings in CyberArk Software Ltd. $CYBR

Squarepoint Ops LLC reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 69.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,193 shares of the technology company’s stock after selling 11,636 shares during the period. Squarepoint Ops LLC’s holdings in CyberArk Software were worth $2,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. AXA S.A. raised its position in shares of CyberArk Software by 1.4% in the 2nd quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock worth $47,825,000 after buying an additional 1,571 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in CyberArk Software during the second quarter worth about $1,504,000. Stratos Wealth Partners LTD. purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $214,000. World Investment Advisors acquired a new position in shares of CyberArk Software in the 2nd quarter valued at about $211,000. Finally, Advyzon Investment Management LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $363,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $448.51 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. The company’s fifty day moving average price is $482.67 and its two-hundred day moving average price is $446.17. The firm has a market capitalization of $22.64 billion, a P/E ratio of -97.29, a P/E/G ratio of 23.84 and a beta of 0.99. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings initiated coverage on shares of CyberArk Software in a research report on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and upped their price target for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. JPMorgan Chase & Co. started coverage on CyberArk Software in a research report on Wednesday. They issued a “neutral” rating and a $474.00 price objective on the stock. Finally, Piper Sandler set a $474.00 price objective on CyberArk Software in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $462.63.

About CyberArk Software

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.