Corton Capital Inc. Acquires New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Corton Capital Inc. acquired 711 shares of CyberArk Software Ltd. in the first quarter, valued at approximately $240,000, indicating growing interest in the company.
• CyberArk reported a quarterly earnings per share (EPS) of $0.98, surpassing analysts' estimates by $0.19, with revenue increasing by 43.3% year-over-year.
• Several analysts have issued positive ratings on CyberArk, with a consensus rating of "Moderate Buy" and an average price target of $418.75.

Corton Capital Inc. acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 711 shares of the technology company's stock, valued at approximately $240,000.

A number of other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC increased 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 buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its position in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the period. Bessemer Group Inc. boosted its position in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc bought a new stake in CyberArk Software during the first quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in 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 worth $37,000 after purchasing an additional 85 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CYBR. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research report on Thursday. DA Davidson increased their price objective on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday. Stifel Nicolaus reiterated a "hold" rating and set a $444.00 price objective on shares of CyberArk Software in a research note on Thursday. Robert W. Baird increased their price objective on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and an average price target of $433.39.

CyberArk Software Price Performance

NASDAQ CYBR traded down $18.63 on Thursday, reaching $416.56. The stock had a trading volume of 7,065,390 shares, compared to its average volume of 839,603. The firm has a fifty day moving average of $390.58 and a two-hundred day moving average of $367.00. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $452.00. The company has a market cap of $20.59 billion, a P/E ratio of -223.74 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period in the prior year, the firm posted $0.75 EPS. The company's revenue for the quarter was up 43.3% on a year-over-year basis. Research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Company 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.