Aberdeen Group plc Sells 2,735 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Aberdeen Group plc reduced its stake in CyberArk Software Ltd. by 6.4%, selling 2,735 shares, resulting in ownership of 40,149 shares worth approximately $16.3 million.
• CyberArk Software reported earnings of $0.88 per share for the last quarter, exceeding expectations, with a 46% increase in revenue year-over-year from $328.03 million.
• Analysts have mixed ratings on CyberArk, with eleven rating it a Buy and twenty a Hold, while price targets range from $445 to $518 per share.

Aberdeen Group plc decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,149 shares of the technology company's stock after selling 2,735 shares during the period. Aberdeen Group plc owned 0.08% of CyberArk Software worth $16,282,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CYBR. Golden State Wealth Management LLC grew its holdings in shares of CyberArk Software by 100.0% in 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 in the last quarter. Opal Wealth Advisors LLC bought a new position in CyberArk Software during the second quarter worth about $30,000. Bessemer Group Inc. grew its holdings 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 position in CyberArk Software during the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings 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. Institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Down 2.5%

Shares of CYBR stock opened at $491.30 on Wednesday. The firm has a 50 day moving average price of $461.91 and a two-hundred day moving average price of $402.83. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $24.80 billion, a PE ratio of -145.79 and a beta of 1.01. CyberArk Software Ltd. has a 12-month low of $271.68 and a 12-month high of $514.28.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same period last year, the business posted $0.54 earnings per share. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CYBR. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Rosenblatt Securities cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target for the company. in a report on Friday, August 1st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. DA Davidson lifted their price target on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating and twenty have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $446.46.

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.

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