Allspring Global Investments Holdings LLC Purchases 19,728 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Allspring Global Investments Holdings LLC increased its stake in CyberArk Software by 3.9%, owning a total of 524,623 shares valued at approximately $205 million at the end of the last reporting period.
• The stock has seen a range of analyst ratings, with several firms downgrading it from "strong-buy" to "hold," impacting the consensus rating to currently stand at "hold" with a price target of around $443.38.
• CyberArk reported positive quarterly earnings, with an EPS of $0.88, surpassing estimates and showing a significant revenue increase of 46% year-over-year.

Allspring Global Investments Holdings LLC boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 524,623 shares of the technology company's stock after purchasing an additional 19,728 shares during the period. Allspring Global Investments Holdings LLC owned about 1.06% of CyberArk Software worth $205,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CYBR. 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 valued at $26,000 after purchasing an additional 39 shares during the period. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software in the second quarter valued at $30,000. Bessemer Group Inc. increased its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc acquired a new stake in CyberArk Software in the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after purchasing an additional 85 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a report on Thursday, July 31st. Scotiabank restated a "sector perform" rating and issued a $448.00 price objective (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. BTIG Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Wolfe Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Citizens Jmp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Twelve analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $443.38.

CyberArk Software Price Performance

CYBR stock opened at $493.52 on Monday. The stock has a market capitalization of $24.91 billion, a PE ratio of -146.45 and a beta of 1.01. The company's 50-day moving average is $458.28 and its 200-day moving average is $401.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $514.28.

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, topping analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for 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 was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

About CyberArk Software

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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