MGO One Seven LLC Reduces Stock Holdings in CyberArk Software Ltd. $CYBR

MGO One Seven LLC lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 624 shares of the technology company’s stock after selling 32 shares during the quarter. MGO One Seven LLC’s holdings in CyberArk Software were worth $254,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. raised its stake in CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of CyberArk Software by 1,598.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after purchasing an additional 921,523 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of CyberArk Software by 0.7% in the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after purchasing an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CyberArk Software by 82.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after purchasing an additional 335,634 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of CyberArk Software by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock valued at $228,161,000 after purchasing an additional 106,435 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.9%

CYBR stock opened at $490.95 on Monday. The stock has a market capitalization of $24.78 billion, a PE ratio of -145.68 and a beta of 1.01. The company has a fifty day moving average of $466.92 and a 200-day moving average of $406.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a one year low of $271.68 and a one year high of $514.28.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business’s revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

CYBR has been the subject of a number of research reports. Piper Sandler reiterated a “neutral” rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. Wedbush reiterated a “neutral” rating and set a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Guggenheim lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a research note on Thursday, July 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Ten analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $448.85.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.