AlphaCore Capital LLC Raises Position in CyberArk Software Ltd. $CYBR

AlphaCore Capital LLC lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1,500.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,312 shares of the technology company’s stock after acquiring an additional 1,230 shares during the period. AlphaCore Capital LLC’s holdings in CyberArk Software were worth $634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in shares of CyberArk Software by 5,300.0% during the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after purchasing an additional 53 shares during the period. Parkside Financial Bank & Trust increased its stake in CyberArk Software by 120.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after buying an additional 35 shares during the period. NewSquare Capital LLC boosted its position in CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after buying an additional 32 shares during the last quarter. UMB Bank n.a. grew its stake in shares of CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after acquiring an additional 29 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $56,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. DA Davidson raised their price objective on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Mizuho cut their price target on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Citigroup lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their price objective for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Finally, Piper Sandler set a $474.00 price target on CyberArk Software in a research note on Wednesday, December 17th. One equities research 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. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $459.95.

CyberArk Software Trading Down 0.1%

CyberArk Software stock opened at $408.85 on Friday. 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 has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The firm has a 50-day moving average price of $432.60 and a two-hundred day moving average price of $459.75.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The company had revenue of $372.65 million for the quarter, compared to analysts’ expectations of $377.22 million. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.