Graham Capital Management L.P. Sells 2,731 Shares of CyberArk Software Ltd. $CYBR

Graham Capital Management L.P. cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 24.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,599 shares of the technology company’s stock after selling 2,731 shares during the quarter. Graham Capital Management L.P.’s holdings in CyberArk Software were worth $2,906,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC raised 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 worth $26,000 after purchasing an additional 39 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of CyberArk Software during the first quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $453.26 on Monday. The business’s 50 day moving average price is $406.31 and its 200 day moving average price is $375.67. The firm has a market cap of $22.40 billion, a P/E ratio of -134.50 and a beta of 1.03. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $457.07. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CYBR. Guggenheim downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a report on Thursday, July 31st. Baird R W downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Oppenheimer restated a “market perform” rating on shares of CyberArk Software in a report on Friday, August 1st. Finally, Stephens downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.