Angeles Wealth Management LLC Buys 591 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Angeles Wealth Management LLC increased its stake in CyberArk Software Ltd. by 39.9% in Q2 by acquiring an additional 591 shares, bringing its total holdings to 2,074 shares valued at approximately $844,000.
• CyberArk reported a quarterly earnings of $0.88 per share, exceeding the consensus estimates, with a significant revenue increase of 46% year-over-year, totaling $328.03 million.
• Despite positive earnings, the stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a target price of $448.85.

Angeles Wealth Management LLC boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 39.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,074 shares of the technology company's stock after buying an additional 591 shares during the period. Angeles Wealth Management LLC's holdings in CyberArk Software were worth $844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Values First Advisors Inc. acquired a new stake in CyberArk Software during the second quarter worth $244,000. Nordea Investment Management AB boosted its stake in CyberArk Software by 31.6% during the second quarter. Nordea Investment Management AB now owns 6,183 shares of the technology company's stock worth $2,500,000 after buying an additional 1,485 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in CyberArk Software during the second quarter worth $202,000. Harbour Investments Inc. boosted its stake in CyberArk Software by 22.2% during the second quarter. Harbour Investments Inc. now owns 248 shares of the technology company's stock worth $101,000 after buying an additional 45 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in CyberArk Software by 136.0% during the second quarter. TD Asset Management Inc now owns 43,537 shares of the technology company's stock worth $17,714,000 after buying an additional 25,093 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $486.39 on Friday. The stock has a 50-day simple moving average of $465.09 and a 200 day simple moving average of $404.45. 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 12-month low of $271.68 and a 12-month high of $514.28. The stock has a market capitalization of $24.55 billion, a price-to-earnings ratio of -144.33 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results 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. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same period in the previous year, the business posted $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% compared to the same quarter last year. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Citizens Jmp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. JMP Securities restated a "market perform" rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. William Blair downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird restated a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. Ten analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $448.85.

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.

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