Stephens Investment Management Group LLC Reduces Position in CyberArk Software Ltd. $CYBR

Stephens Investment Management Group LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 39.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,288 shares of the technology company’s stock after selling 133,028 shares during the period. CyberArk Software comprises approximately 1.3% of Stephens Investment Management Group LLC’s holdings, making the stock its 12th largest position. Stephens Investment Management Group LLC’s holdings in CyberArk Software were worth $100,151,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AXA S.A. increased its holdings in 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 acquiring an additional 1,571 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in CyberArk Software during the second quarter valued at approximately $1,504,000. Stratos Wealth Partners LTD. bought a new position in shares of CyberArk Software in the second quarter worth approximately $214,000. Park Avenue Securities LLC purchased a new stake in shares of CyberArk Software in the third quarter worth $1,643,000. Finally, World Investment Advisors bought a new stake in shares of CyberArk Software during the 2nd quarter valued at $211,000. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and increased their target price for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. Barclays reissued an “equal weight” rating and issued a $520.00 price target (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Finally, Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and a consensus target price of $462.63.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $453.65 on Friday. The firm has a market cap of $22.90 billion, a PE ratio of -98.41, a PEG ratio of 20.70 and a beta of 0.92. The stock has a 50 day moving average of $460.71 and a 200 day moving average of $454.68. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. The business had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The company’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. On average, research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

About CyberArk Software

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.