CyberArk Software Ltd. $CYBR Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management has reduced its stake in CyberArk Software by 7.3%, now holding approximately 84,398 shares, which accounts for about 1.4% of its portfolio.
• CyberArk Software reported quarterly earnings with $0.88 earnings per share, surpassing estimates and marking a year-over-year revenue increase of 46.0%.
• Analysts have adjusted their ratings on CyberArk, with a consensus rating of "Hold" and an average price target of $435.11.

Thematics Asset Management decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,398 shares of the technology company's stock after selling 6,602 shares during the period. CyberArk Software makes up 1.4% of Thematics Asset Management's investment portfolio, making the stock its 18th largest holding. Thematics Asset Management owned 0.17% of CyberArk Software worth $28,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC increased its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares during the period. Morse Asset Management Inc purchased a new position in CyberArk Software in the 1st quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Up 1.5%

CyberArk Software stock traded up $6.89 during trading on Thursday, hitting $453.17. The company's stock had a trading volume of 1,311,566 shares, compared to its average volume of 940,093. The stock's fifty day moving average is $403.61 and its 200 day moving average is $375.04. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $454.68. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of -134.47 and a beta of 0.96. 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 (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating 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 company had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same quarter in the previous year, the business earned $0.54 EPS. The firm's revenue was up 46.0% on a year-over-year basis. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

CYBR has been the topic of a number of research analyst reports. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Stephens downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Wedbush reiterated a "neutral" rating and issued a $450.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Wolfe Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, BTIG Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $435.11.

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.