Hodges Capital Management Inc. Sells 15,225 Shares of CyberArk Software Ltd. $CYBR

Hodges Capital Management Inc. cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 62.7% in the third quarter, Holdings Channel.com reports. The firm owned 9,040 shares of the technology company’s stock after selling 15,225 shares during the period. Hodges Capital Management Inc.’s holdings in CyberArk Software were worth $4,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Longbow Finance SA raised its stake in CyberArk Software by 35.8% during the third quarter. Longbow Finance SA now owns 16,098 shares of the technology company’s stock worth $7,778,000 after acquiring an additional 4,245 shares in the last quarter. AXA S.A. grew its holdings in shares of CyberArk Software by 1.4% in the 2nd quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock worth $47,825,000 after purchasing an additional 1,571 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of CyberArk Software during the 3rd quarter worth about $98,635,000. Atlantic Union Bankshares Corp bought a new position in CyberArk Software during the 2nd quarter valued at about $1,504,000. Finally, Park Avenue Securities LLC acquired a new position in CyberArk Software in the third quarter valued at about $1,643,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and upped their price objective for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. JPMorgan Chase & Co. decreased 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, DA Davidson raised their target price on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Down 0.1%

NASDAQ CYBR opened at $408.85 on Wednesday. The stock has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. 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 stock has a fifty day moving average of $439.83 and a 200-day moving average of $460.32.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly 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. The business 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 firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS 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.