BNP Paribas Financial Markets Has $77.86 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• BNP Paribas Financial Markets significantly increased its stake in CyberArk Software by 545.1%, acquiring an additional 194,651 shares to own approximately 0.47% of the company, valued at $77.86 million.
• CyberArk Software reported earnings per share of $0.88 for the last quarter, exceeding analysts' estimates of $0.79, with revenue up 46.0% year-over-year to $328.03 million.
• Analyst ratings for CyberArk Software show mixed sentiments, with fourteen analysts recommending a Buy and seventeen assigning a Hold rating, giving the stock an average rating of "Hold" and a consensus price target of $435.11.

BNP Paribas Financial Markets boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 545.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 230,362 shares of the technology company's stock after acquiring an additional 194,651 shares during the quarter. BNP Paribas Financial Markets owned 0.47% of CyberArk Software worth $77,862,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software during the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after buying an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CYBR. William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Needham & Company LLC lifted their price target on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Robert W. Baird reiterated a "neutral" rating and set a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, July 22nd. Finally, Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Fourteen analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Performance

Shares of CYBR stock traded up $2.55 during trading hours on Thursday, reaching $458.10. 934,420 shares of the company's stock were exchanged, compared to its average volume of 1,188,152. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $462.47. The stock has a market capitalization of $22.64 billion, a P/E ratio of -135.93 and a beta of 1.03. The business has a fifty day moving average price of $410.77 and a 200-day moving average price of $377.34. 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 issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 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 analyst estimates of $315.43 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.