Alliance Wealth Advisors LLC UT Buys 734 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Alliance Wealth Advisors LLC UT increased its stake in CyberArk Software by 17.6%, purchasing an additional 734 shares, bringing their total holdings to 4,915 shares valued at approximately $1.66 million.
• CyberArk Software reported $0.88 earnings per share for the last quarter, beating estimates, with revenue of $328.03 million, a 46.0% increase year-over-year.
• Analysts have set new target prices for CyberArk, ranging from $448.00 to $551.00, with a consensus rating of "Hold" and a target price of $435.11.

Alliance Wealth Advisors LLC UT lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,915 shares of the technology company's stock after buying an additional 734 shares during the period. Alliance Wealth Advisors LLC UT's holdings in CyberArk Software were worth $1,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ethic Inc. grew its holdings in shares of CyberArk Software by 22.7% during the first quarter. Ethic Inc. now owns 5,079 shares of the technology company's stock worth $1,769,000 after buying an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in CyberArk Software by 1.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,549 shares of the technology company's stock valued at $862,000 after acquiring an additional 42 shares in the last quarter. Trivium Point Advisory LLC raised its holdings in shares of CyberArk Software by 8.6% during the first quarter. Trivium Point Advisory LLC now owns 13,572 shares of the technology company's stock worth $4,587,000 after purchasing an additional 1,073 shares during the period. Oak Ridge Investments LLC grew its position in shares of CyberArk Software by 14.6% during the first quarter. Oak Ridge Investments LLC now owns 18,057 shares of the technology company's stock worth $6,103,000 after acquiring an additional 2,301 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of CyberArk Software by 7.7% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,324 shares of the technology company's stock worth $5,180,000 after acquiring an additional 1,089 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird reissued a "neutral" rating and issued a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. William Blair downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. KeyCorp cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. UBS Group lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Finally, 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 research note on Friday, August 1st. Fourteen research 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 stock presently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Down 1.5%

CyberArk Software stock traded down $6.5770 during mid-day trading on Thursday, reaching $432.1030. The stock had a trading volume of 653,536 shares, compared to its average volume of 940,525. The stock's 50-day simple moving average is $398.56 and its 200-day simple moving average is $372.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. The firm has a market capitalization of $21.36 billion, a PE ratio of -128.29 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm'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 posted $0.54 EPS. On average, sell-side analysts forecast 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.