Oppenheimer & Co. Inc. Sells 4,378 Shares of CyberArk Software Ltd. $CYBR

Oppenheimer & Co. Inc. lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 79.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,135 shares of the technology company’s stock after selling 4,378 shares during the period. Oppenheimer & Co. Inc.’s holdings in CyberArk Software were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. New York Life Investment Management LLC lifted its position in shares of CyberArk Software by 2,169.1% during the 3rd quarter. New York Life Investment Management LLC now owns 21,103 shares of the technology company’s stock valued at $10,196,000 after buying an additional 20,173 shares in the last quarter. Jackson Square Partners LLC purchased a new position in CyberArk Software during the third quarter valued at approximately $12,096,000. Moloney Securities Asset Management LLC lifted its holdings in CyberArk Software by 10.2% during the third quarter. Moloney Securities Asset Management LLC now owns 542 shares of the technology company’s stock valued at $262,000 after purchasing an additional 50 shares in the last quarter. Carlson Capital L.P. bought a new position in shares of CyberArk Software in the third quarter worth approximately $2,174,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of CyberArk Software in the third quarter worth $425,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CYBR. Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and upped their target price for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Piper Sandler set a $474.00 price objective on CyberArk Software in a research note on Wednesday, December 17th. Barclays cut their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Mizuho lowered their price target on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Price Performance

CyberArk Software stock opened at $408.85 on Wednesday. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $439.83 and its 200 day moving average is $460.32. The company has a market cap of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $377.22 million. During the same period in the prior year, the company earned $0.80 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.