Entropy Technologies LP Buys New Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Entropy Technologies LP has acquired 3,005 shares of CyberArk Software Ltd., valued at approximately $1,016,000, marking a significant investment during the 1st quarter.
• CyberArk reported a 46% year-over-year increase in revenue for the last quarter, totaling $328.03 million, and surpassed earnings expectations by reporting $0.88 EPS.
• Investment analysts display a mixed outlook, with 18 rating the stock as a hold and 14 as a buy, leading to a consensus price target of $435.11.

Entropy Technologies LP bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,005 shares of the technology company's stock, valued at approximately $1,016,000.

A number of other institutional investors also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in shares of CyberArk Software by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after acquiring an additional 29 shares during the period. Y.D. More Investments Ltd lifted its position in shares of CyberArk Software by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after acquiring an additional 38 shares during the period. Golden State Wealth Management LLC lifted its position in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares during the period. Assetmark Inc. lifted its position in shares of CyberArk Software by 13.9% during the 1st quarter. Assetmark Inc. now owns 327 shares of the technology company's stock valued at $111,000 after acquiring an additional 40 shares during the period. Finally, Whipplewood Advisors LLC lifted its position 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 valued at $27,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Wall Street Analyst Weigh In

CYBR has been the topic of several research reports. Scotiabank restated a "sector perform" rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Wedbush restated a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. 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. Finally, Baird R W downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Eighteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

NASDAQ:CYBR traded up $9.32 on Friday, reaching $423.85. 1,037,868 shares of the company's stock were exchanged, compared to its average volume of 2,580,099. 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 firm has a market cap of $20.95 billion, a price-to-earnings ratio of -125.77 and a beta of 0.96. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $452.00. The stock has a fifty day simple moving average of $396.53 and a 200-day simple moving average of $371.71.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 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 prior year, the firm posted $0.54 earnings per share. The company's revenue for the quarter was up 46.0% on a year-over-year basis. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.