600 Shares in CyberArk Software Ltd. $CYBR Bought by West Tower Group LLC

Key Points

• West Tower Group LLC acquired a new stake in CyberArk Software, buying 600 shares valued at approximately $244,000.
• CyberArk Software's stock saw an increase of 0.9%, with a current market capitalization of $24.78 billion and a 52-week price range of $271.68 to $514.28.
• The company reported earnings of $0.88 EPS, surpassing analysts' estimates, with revenue up 46.0% year-over-year at $328.03 million.

West Tower Group LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 600 shares of the technology company's stock, valued at approximately $244,000.

Several other hedge funds also recently bought and sold shares of CYBR. Golden State Wealth Management LLC raised its stake 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 worth $26,000 after purchasing an additional 39 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of CyberArk Software in the 2nd quarter valued at approximately $30,000. Bessemer Group Inc. increased its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares during the last quarter. Morse Asset Management Inc bought a new position in CyberArk Software during the first quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in CyberArk Software by 340.0% in 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 during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Up 0.9%

CYBR stock opened at $490.95 on Monday. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of -145.68 and a beta of 1.01. The company has a 50-day moving average of $466.92 and a two-hundred day moving average of $406.39. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. 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 posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period in the previous year, the company posted $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CYBR shares. BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Royal Bank Of Canada reissued 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. Robert W. Baird restated a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Finally, JMP Securities reiterated a "market perform" rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Ten research analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Hold" and an average target price of $448.85.

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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