CyberArk Software Ltd. $CYBR Holdings Lowered by Assetmark Inc.

Assetmark Inc. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 92.8% during the third quarter, HoldingsChannel reports. The firm owned 338 shares of the technology company’s stock after selling 4,389 shares during the period. Assetmark Inc.’s holdings in CyberArk Software were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in shares of CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after acquiring an additional 53 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in CyberArk Software by 120.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after purchasing an additional 35 shares during the period. NewSquare Capital LLC grew its position in CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares in the last quarter. AlphaCore Capital LLC purchased a new position in CyberArk Software during the 2nd quarter worth approximately $33,000. Finally, UMB Bank n.a. raised its stake in CyberArk Software by 50.0% during the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CYBR. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. DA Davidson increased their price objective on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $459.95.

CyberArk Software Trading Down 0.1%

NASDAQ:CYBR opened at $408.85 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The company has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The stock’s 50 day moving average price is $435.80 and its 200 day moving average price is $460.36. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping 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 company had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. During the same quarter in the prior year, the business posted $0.80 EPS. CyberArk Software’s quarterly revenue was up 18.5% on a year-over-year basis. On average, research 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.