Aberdeen Group plc Has $14.20 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Aberdeen Group plc has reduced its stake in CyberArk Software Ltd. by 11.2%, now owning 42,884 shares valued at approximately $14.2 million.
• CyberArk reported a significant 46% increase in quarterly revenue year-over-year, reaching $328.03 million and outperforming analysts' expectations.
• Analysts have mixed ratings on CyberArk's stock, with the average rating being "Hold" and a consensus price target of $435.11.

Aberdeen Group plc lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,884 shares of the technology company's stock after selling 5,420 shares during the period. Aberdeen Group plc owned about 0.09% of CyberArk Software worth $14,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares during the period. Golden State Wealth Management LLC boosted its holdings 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 buying an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after buying an additional 280 shares during the period. Blue Trust Inc. boosted its holdings in shares of CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after buying an additional 61 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after buying an additional 187 shares during the period. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research analyst reports. Baird R W downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, BTIG Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR traded down $3.55 during midday trading on Thursday, hitting $435.12. The stock had a trading volume of 965,187 shares, compared to its average volume of 2,792,365. The company's 50-day moving average price is $399.42 and its 200-day moving average price is $373.38. The company has a market capitalization of $21.51 billion, a P/E ratio of -129.12 and a beta of 0.96. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS 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 negative net margin of 13.78% and a positive return on equity of 0.44%. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities research analysts predict 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.