Calamos Advisors LLC Increases Position in CyberArk Software Ltd. $CYBR

Calamos Advisors LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 484.1% during the third quarter, Holdings Channel reports. The fund owned 62,966 shares of the technology company’s stock after acquiring an additional 52,186 shares during the quarter. Calamos Advisors LLC’s holdings in CyberArk Software were worth $30,422,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CYBR. Norges Bank acquired a new stake in shares of CyberArk Software during the second quarter worth $444,613,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after buying an additional 335,634 shares during the period. Amundi boosted its stake in CyberArk Software by 153.5% in the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after buying an additional 331,498 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in CyberArk Software by 85.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 362,752 shares of the technology company’s stock valued at $147,597,000 after buying an additional 167,000 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of CyberArk Software by 175.8% during the 2nd quarter. Lazard Asset Management LLC now owns 243,637 shares of the technology company’s stock valued at $99,130,000 after acquiring an additional 155,294 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Up 0.0%

NASDAQ CYBR opened at $451.32 on Wednesday. The stock has a market cap of $22.78 billion, a PE ratio of -97.90, a P/E/G ratio of 24.28 and a beta of 0.99. The business has a 50 day moving average price of $475.93 and a two-hundred day moving average price of $450.18. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. 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 (NASDAQ:CYBR) last posted its earnings results on Thursday, November 6th. The technology company reported $1.20 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 analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The business’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 posted $0.94 earnings per share. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Piper Sandler set a $474.00 target price on shares of CyberArk Software in a research report on Wednesday, December 17th. Citigroup lowered shares of 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 report on Tuesday, November 4th. JPMorgan Chase & Co. started coverage on CyberArk Software in a report on Wednesday, December 17th. They set a “neutral” rating and a $474.00 price objective for the company. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, JMP Securities restated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Six 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 stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Hold” and a consensus target price of $462.63.

CyberArk Software 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.