Blair William & Co. IL Grows Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Blair William & Co. IL increased its holdings in CyberArk Software by 22.4% in Q1, owning approximately 204,708 shares valued at $69.2 million, highlighting growing institutional interest.
• The stock has received mixed reviews from analysts, with 17 hold ratings and 15 buy ratings, while the average target price is currently at $433.39.
• CyberArk Software reported earnings of $0.88 EPS for the quarter, exceeding estimates and showcasing a 46.0% increase in revenue year-over-year, signaling strong performance despite challenges.

Blair William & Co. IL increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 22.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,708 shares of the technology company's stock after acquiring an additional 37,506 shares during the period. Blair William & Co. IL owned approximately 0.41% of CyberArk Software worth $69,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC grew 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. Whipplewood Advisors LLC increased its position in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. raised its stake in 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. Morse Asset Management Inc purchased a new position in CyberArk Software in the 1st quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler restated a "neutral" rating and set a $448.00 price objective (up from $440.00) on shares of CyberArk Software in a research report on Thursday. Baird R W lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday. Roth Capital started coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price for the company. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday. Seventeen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $433.39.

CyberArk Software Price Performance

CyberArk Software stock opened at $414.00 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $391.99 and a 200-day simple moving average of $368.15. The stock has a market cap of $20.46 billion, a P/E ratio of -122.85 and a beta of 0.96. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results 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. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the business earned $0.54 EPS. CyberArk Software's revenue for the quarter was up 46.0% on a year-over-year basis. Equities analysts expect 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.

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