CyberArk Software Ltd. $CYBR Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 555,109 shares of the technology company’s stock after selling 94,548 shares during the period. JPMorgan Chase & Co.’s holdings in CyberArk Software were worth $268,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CYBR. Uniting Wealth Partners LLC purchased a new stake in CyberArk Software during the third quarter valued at about $305,000. Longbow Finance SA grew its stake in shares of CyberArk Software by 35.8% in the 3rd quarter. Longbow Finance SA now owns 16,098 shares of the technology company’s stock valued at $7,778,000 after buying an additional 4,245 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of CyberArk Software by 4.4% in the 3rd quarter. Metis Global Partners LLC now owns 881 shares of the technology company’s stock valued at $426,000 after purchasing an additional 37 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of CyberArk Software by 14.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 26,794 shares of the technology company’s stock valued at $12,946,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in CyberArk Software during the 3rd quarter worth $326,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.1%

Shares of NASDAQ CYBR opened at $408.85 on Friday. The stock has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The stock’s fifty day moving average is $437.68 and its 200 day moving average is $459.61. 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.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CYBR shares. Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Piper Sandler set a $474.00 target price on CyberArk Software in a research note on Wednesday, December 17th. Barclays reduced their price target on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $459.95.

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.