CyberArk Software Ltd. $CYBR Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its stake in CyberArk Software by 18.9%, holding 933,316 shares worth approximately $315.46 million at the end of the recent quarter.
• Several analysts downgraded CyberArk Software's rating from "strong-buy" to "hold," while the stock has a mixed rating with 14 buy ratings and 17 hold ratings.
• CyberArk reported a quarterly revenue of $328.03 million, exceeding estimates, and posted earnings per share of $0.88, beating analysts' expectations of $0.79.

Wellington Management Group LLP cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 933,316 shares of the technology company's stock after selling 216,962 shares during the quarter. Wellington Management Group LLP owned approximately 1.89% of CyberArk Software worth $315,461,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CYBR. Mariner LLC lifted its stake in CyberArk Software by 2.1% in the fourth quarter. Mariner LLC now owns 5,769 shares of the technology company's stock worth $1,921,000 after acquiring an additional 121 shares during the period. Guggenheim Capital LLC bought a new position in CyberArk Software in the fourth quarter worth about $296,000. NewEdge Advisors LLC raised its holdings in CyberArk Software by 2.7% in the fourth quarter. NewEdge Advisors LLC now owns 7,890 shares of the technology company's stock worth $2,629,000 after purchasing an additional 204 shares in the last quarter. GeoWealth Management LLC raised its holdings in CyberArk Software by 264.3% in the fourth quarter. GeoWealth Management LLC now owns 153 shares of the technology company's stock worth $51,000 after purchasing an additional 111 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in CyberArk Software by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock worth $2,227,000 after purchasing an additional 53 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 0.7%

Shares of CYBR traded down $3.0450 during mid-day trading on Monday, hitting $438.1950. 137,157 shares of the company traded hands, compared to its average volume of 936,144. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.66 billion, a PE ratio of -130.10 and a beta of 0.96. The business has a 50 day moving average of $400.51 and a 200 day moving average of $373.72.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly 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 negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the prior year, the company earned $0.54 EPS. CyberArk Software's quarterly revenue was up 46.0% on a year-over-year basis. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Stifel Nicolaus reiterated a "hold" rating and issued a $444.00 target price on shares of CyberArk Software in a 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. Stephens downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $435.11.

About CyberArk Software

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.