Blair William & Co. IL Has $81.45 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• Blair William & Co. IL has reduced its stake in CyberArk Software by 2.2%, now holding 200,178 shares valued at approximately $81.45 million.
• CyberArk reported a revenue increase of 46.0% year-over-year for the last quarter, achieving $328.03 million, and beating analyst expectations.
• Analysts have mixed ratings for CyberArk, with twelve rating it as a Buy and nineteen as a Hold, and a consensus target price of $443.38.

Blair William & Co. IL decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,178 shares of the technology company's stock after selling 4,530 shares during the quarter. Blair William & Co. IL owned about 0.40% of CyberArk Software worth $81,449,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of CyberArk Software by 6.8% during the 1st quarter. Rhumbline Advisers now owns 16,164 shares of the technology company's stock valued at $5,463,000 after purchasing an additional 1,034 shares in the last quarter. Farther Finance Advisors LLC increased its position in CyberArk Software by 1,104.3% during the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock worth $294,000 after buying an additional 773 shares during the last quarter. Yousif Capital Management LLC raised its holdings in CyberArk Software by 9.1% during the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after buying an additional 187 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of CyberArk Software by 574.3% in the first quarter. Assenagon Asset Management S.A. now owns 135,328 shares of the technology company's stock worth $45,741,000 after buying an additional 115,260 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of CyberArk Software during the 1st quarter worth about $524,000. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $514.06 on Thursday. The company's fifty day moving average is $454.76 and its two-hundred day moving average is $398.24. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of -152.54 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm's revenue was up 46.0% on a year-over-year basis. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Rosenblatt Securities lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price for the company. in a report on Friday, August 1st. BTIG Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. DA Davidson raised their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Barclays boosted their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $443.38.

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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