Wilmington Savings Fund Society FSB Reduces Stock Position in CyberArk Software Ltd. $CYBR

Wilmington Savings Fund Society FSB lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 68.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 845 shares of the technology company’s stock after selling 1,824 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CyberArk Software were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sheets Smith Wealth Management increased its stake in CyberArk Software by 0.7% during the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 23 shares during the last quarter. Signal Advisors Wealth LLC lifted its holdings in CyberArk Software by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after acquiring an additional 24 shares during the last quarter. Blue Trust Inc. boosted its stake in CyberArk Software by 2.9% in the third quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock valued at $512,000 after acquiring an additional 30 shares during the period. NewSquare Capital LLC grew its holdings in shares of CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in shares of CyberArk Software by 2.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,763 shares of the technology company’s stock worth $852,000 after purchasing an additional 38 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $8.06 on Tuesday, hitting $445.59. 78,268 shares of the company were exchanged, compared to its average volume of 452,081. The company’s 50 day moving average price is $459.53 and its two-hundred day moving average price is $455.98. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of -96.66, a PEG ratio of 20.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CYBR shares. Barclays reissued an “equal weight” rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. DA Davidson reiterated a “buy” rating and set a $518.00 price objective on shares of CyberArk Software in a research report on Friday, November 7th. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. Finally, Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and raised their price objective for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and a consensus target price of $462.63.

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.