CyberArk Software Ltd. $CYBR Shares Sold by Thrivent Financial for Lutherans

by · The Cerbat Gem

Thrivent Financial for Lutherans lowered its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 43.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,814 shares of the technology company’s stock after selling 51,382 shares during the period. Thrivent Financial for Lutherans owned 0.13% of CyberArk Software worth $26,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in CyberArk Software in the 2nd quarter valued at $444,613,000. Price T Rowe Associates Inc. MD lifted its stake in shares of CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CyberArk Software by 82.9% in the first 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 acquiring an additional 335,634 shares in the last quarter. Amundi increased its stake in shares of CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after acquiring an additional 331,498 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of CyberArk Software by 545.1% during the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after acquiring an additional 194,651 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CYBR has been the topic of a number of analyst reports. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings initiated coverage on CyberArk Software in a research note on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. Zacks Research raised CyberArk Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Seven equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $459.75.

Get Our Latest Stock Analysis on CYBR

CyberArk Software Trading Down 3.0%

Shares of CYBR opened at $448.85 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The stock has a market cap of $22.66 billion, a price-to-earnings ratio of -97.36, a price-to-earnings-growth ratio of 24.91 and a beta of 0.99. The firm has a 50 day simple moving average of $486.24 and a 200-day simple moving average of $445.68.

CyberArk Software (NASDAQ:CYBR – Get Free Report) last announced its earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The firm 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%.CyberArk Software’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

About CyberArk Software

(Free Report)

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.

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