Woodline Partners LP Acquires Shares of 95,456 CyberArk Software Ltd. $CYBR

Key Points

• Woodline Partners LP purchased 95,456 shares of CyberArk Software Ltd., valued at approximately $32.26 million, marking a new position in the technology company.
• CyberArk reported a net margin of -13.78% and a revenue increase of 46.0% year-over-year for the latest quarter, with earnings per share exceeding consensus estimates.
• Institutional investors own 91.84% of CyberArk's stock, indicating strong institutional interest in the company.

Woodline Partners LP bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 95,456 shares of the technology company's stock, valued at approximately $32,264,000. Woodline Partners LP owned about 0.19% of CyberArk Software as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CYBR. Venturi Wealth Management LLC boosted its position in CyberArk Software by 3.6% during the first 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 last quarter. Prudential PLC boosted its position in CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock valued at $432,000 after acquiring an additional 30 shares during the last quarter. MAI Capital Management boosted its position in CyberArk Software by 1.1% during the first quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock valued at $932,000 after acquiring an additional 31 shares during the last quarter. Y.D. More Investments Ltd boosted its position in CyberArk Software by 0.5% during the first 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 last quarter. Finally, Golden State Wealth Management LLC boosted its position in CyberArk Software by 100.0% during the first 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 last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays upped their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Robert W. Baird reissued a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a research report on Friday, August 1st. Stifel Nicolaus reissued a "hold" rating and set a $444.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Piper Sandler reissued a "neutral" rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and increased their price objective for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Stock Down 1.0%

NASDAQ CYBR traded down $4.89 during trading hours on Friday, hitting $466.30. The company's stock had a trading volume of 639,038 shares, compared to its average volume of 898,057. CyberArk Software Ltd. has a 52 week low of $266.64 and a 52 week high of $480.59. The company has a market capitalization of $23.05 billion, a PE ratio of -138.37 and a beta of 1.03. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The company's 50-day simple moving average is $419.28 and its two-hundred day simple moving average is $380.62.

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 for the quarter, beating the consensus estimate 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 business had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same quarter last year, the firm earned $0.54 EPS. The firm's revenue for the quarter was up 46.0% compared to the same quarter last year. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.