Readystate Asset Management LP Invests $54.49 Million in CyberArk Software Ltd. $CYBR

Readystate Asset Management LP bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 112,775 shares of the technology company’s stock, valued at approximately $54,487,000. CyberArk Software comprises about 2.3% of Readystate Asset Management LP’s investment portfolio, making the stock its 7th largest holding.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in CyberArk Software by 5,300.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after buying an additional 53 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in CyberArk Software by 120.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after buying an additional 35 shares in the last quarter. NewSquare Capital LLC increased 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 period. AlphaCore Capital LLC bought a new stake in shares of CyberArk Software during the 2nd quarter worth about $33,000. Finally, UMB Bank n.a. lifted its position in CyberArk Software by 50.0% in the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after purchasing an additional 29 shares during the period. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. JPMorgan Chase & Co. reduced their price objective on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. One 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $459.95.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $408.85 on Wednesday. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The stock has a market cap of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The business has a fifty day simple moving average of $439.83 and a 200-day simple moving average of $460.32.

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

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.