AMI Asset Management Corp grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 56.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,327 shares of the technology company's stock after purchasing an additional 41,724 shares during the quarter. CyberArk Software makes up approximately 2.7% of AMI Asset Management Corp's holdings, making the stock its 17th biggest holding. AMI Asset Management Corp owned about 0.23% of CyberArk Software worth $46,924,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake 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 purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after purchasing an additional 46 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software in the 2nd quarter valued at about $30,000. Bessemer Group Inc. boosted its stake 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 purchasing an additional 80 shares during the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of CyberArk Software in the 1st quarter valued at about $34,000. Institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Performance
Shares of CYBR stock opened at $490.17 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $24.74 billion, a P/E ratio of -145.45 and a beta of 1.01. The company's 50 day moving average price is $444.86 and its two-hundred day moving average price is $392.98. CyberArk Software Ltd. has a 52 week low of $269.00 and a 52 week high of $493.85.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 46.0% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CYBR. Robert W. Baird reissued a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a research note on Friday, August 1st. UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their price objective for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. William Blair lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Wolfe Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $439.00.
Read Our Latest Stock Analysis on CyberArk Software
About CyberArk Software
(
Free Report)
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.
Further Reading
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