15,687 Shares in CyberArk Software Ltd. $CYBR Bought by Shikiar Asset Management Inc.

Key Points

• Shikiar Asset Management Inc. acquired 15,687 shares of CyberArk Software Ltd. valued at approximately $6,383,000, representing 1.8% of their portfolio.
• Recent analyst reports show mixed ratings for CyberArk, with target prices ranging from $443.38 to $455.00, and an average rating of "Hold" from twelve buy and nineteen hold ratings.
• CyberArk Software reported earnings of $0.88 per share, exceeding expectations, with a 46% increase in quarterly revenue compared to the same period last year.

Shikiar Asset Management Inc. purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,687 shares of the technology company's stock, valued at approximately $6,383,000. CyberArk Software accounts for approximately 1.8% of Shikiar Asset Management Inc.'s portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also bought and sold shares of CYBR. Rhumbline Advisers grew its position in shares of CyberArk Software by 6.8% in the first quarter. Rhumbline Advisers now owns 16,164 shares of the technology company's stock valued at $5,463,000 after purchasing an additional 1,034 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of CyberArk Software by 1,104.3% in the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock valued at $294,000 after purchasing an additional 773 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after purchasing an additional 187 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of CyberArk Software by 574.3% in the first quarter. Assenagon Asset Management S.A. now owns 135,328 shares of the technology company's stock valued at $45,741,000 after purchasing an additional 115,260 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of CyberArk Software in the first quarter valued at $524,000. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the subject of several recent analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Scotiabank restated a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Guggenheim cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research report on Thursday, July 31st. Finally, Wedbush restated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $443.38.

CyberArk Software Trading Down 1.2%

Shares of CYBR stock opened at $508.07 on Friday. The stock has a market capitalization of $25.65 billion, a PE ratio of -150.76 and a beta of 1.01. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $514.28. The business has a 50-day moving average of $456.69 and a 200 day moving average of $399.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 46.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.

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