Ardsley Advisory Partners LP Grows Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Ardsley Advisory Partners LP increased its stake in CyberArk Software Ltd. by 111.7%, acquiring an additional 6,700 shares to reach a total of 12,700 shares valued at approximately $4.29 million.
• Multiple institutional investors have shown interest in CyberArk, with 91.84% of the company’s stock now owned by such entities.
• Analysts have recently set a consensus price target of $435.11 for CyberArk shares, with a mix of ratings including 14 "Buy" and 17 "Hold" ratings.

Ardsley Advisory Partners LP grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 111.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,700 shares of the technology company's stock after acquiring an additional 6,700 shares during the quarter. Ardsley Advisory Partners LP's holdings in CyberArk Software were worth $4,293,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CYBR. Thoma Bravo L.P. acquired a new position in CyberArk Software in the fourth quarter valued at approximately $380,637,000. Price T Rowe Associates Inc. MD lifted its holdings in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock valued at $330,964,000 after acquiring an additional 921,523 shares during the last quarter. Amundi lifted its holdings in CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after acquiring an additional 331,498 shares during the last quarter. Congress Asset Management Co. lifted its holdings in CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after acquiring an additional 250,441 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock valued at $77,862,000 after acquiring an additional 194,651 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CYBR. Robert W. Baird reiterated a "neutral" rating and issued a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. Barclays upped their price target on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Needham & Company LLC lifted their target price on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Up 1.0%

CYBR stock traded up $4.77 during trading on Monday, hitting $467.54. 227,492 shares of the company's stock were exchanged, compared to its average volume of 930,795. The business has a 50-day moving average price of $412.06 and a two-hundred day moving average price of $377.32. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of -138.73 and a beta of 1.03. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $470.19. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53.

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. 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 business's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current 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.