Blueshift Asset Management LLC Buys Shares of 790 CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Blueshift Asset Management LLC invested approximately $267,000 in CyberArk Software, acquiring 790 shares of the technology company in the first quarter.
• CyberArk Software's stock increased by 0.6%, with a current trading price of $414.00 and significant interest from institutional investors, holding 91.84% of the shares.
• In recent earnings reports, CyberArk beat analyst expectations with revenue of $328.03 million, reflecting a 46.0% year-over-year increase, and reported earnings per share of $0.88.

Blueshift Asset Management LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 790 shares of the technology company's stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CYBR. Vanguard Group Inc. raised its holdings in shares of CyberArk Software by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company's stock valued at $24,663,000 after purchasing an additional 662 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of CyberArk Software by 14.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 979 shares of the technology company's stock valued at $326,000 after purchasing an additional 127 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CyberArk Software by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company's stock valued at $130,088,000 after purchasing an additional 19,775 shares during the last quarter. World Investment Advisors purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $583,000. Finally, ExodusPoint Capital Management LP purchased a new stake in CyberArk Software during the fourth quarter valued at approximately $231,000. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded down $6.26 during trading hours on Thursday, reaching $407.20. 422,006 shares of the company's stock were exchanged, compared to its average volume of 892,510. CyberArk Software Ltd. has a 1 year low of $254.43 and a 1 year high of $452.00. The company has a market capitalization of $20.13 billion, a P/E ratio of -120.71 and a beta of 0.96. The business has a fifty day moving average of $393.63 and a two-hundred day moving average of $369.20. 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 (NASDAQ:CYBR - Get Free Report) last announced its quarterly 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. The firm had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company's revenue was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Robert W. Baird reaffirmed a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. DA Davidson upped their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC increased their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Eighteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and a consensus target price of $435.11.

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.