Allianz SE Sells 1,500 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Allianz SE has significantly reduced its stake in CyberArk Software Ltd. by 68.2%, selling 1,500 shares and leaving it with 700 shares worth approximately $237,000.
• Other institutional investors are increasing their stakes in CyberArk, with notable increases from Thoma Bravo and Congress Asset Management Co., the latter boosting its stake by 304.2%.
• CyberArk's stock price recently opened at $409.00, reflecting a year-over-year revenue increase of 46.0%, alongside various analyst upgrades and downgrades affecting its ratings and price targets.

Allianz SE decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 68.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 700 shares of the technology company's stock after selling 1,500 shares during the quarter. Allianz SE's holdings in CyberArk Software were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thoma Bravo L.P. bought a new position in CyberArk Software in the 4th quarter worth approximately $380,637,000. First Trust Advisors LP boosted its stake in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after purchasing an additional 20,832 shares during the period. Driehaus Capital Management LLC boosted its stake in CyberArk Software by 31.5% in the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after purchasing an additional 114,622 shares during the period. Geode Capital Management LLC boosted its stake in CyberArk Software by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company's stock worth $130,088,000 after purchasing an additional 19,775 shares during the period. Finally, Congress Asset Management Co. boosted its stake in CyberArk Software by 304.2% in the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after purchasing an additional 250,441 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 1.2%

Shares of CYBR stock opened at $409.00 on Tuesday. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $452.00. The stock's fifty day moving average price is $391.99 and its 200 day moving average price is $368.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market cap of $20.22 billion, a price-to-earnings ratio of -121.36 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The firm had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. On average, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CYBR. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Wolfe Research restated a "peer perform" rating on shares of CyberArk Software in a report on Friday. Piper Sandler restated a "neutral" rating and set a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Guggenheim cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target for the company. in a report on Thursday, July 31st. Finally, Robert W. Baird restated a "neutral" rating and set a $460.00 price target on shares of CyberArk Software in a report on Friday. Seventeen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, CyberArk Software currently has an average rating of "Hold" and an average price target of $433.39.

CyberArk Software Company 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.

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