Boothbay Fund Management LLC Sells 990 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Boothbay Fund Management LLC reduced its stake in CyberArk Software by 2.2%, selling 990 shares and retaining 43,433 shares, which constitutes 0.4% of its investment portfolio.
• CyberArk Software reported $328.03 million in revenue for the last quarter, exceeding analysts' expectations of $315.43 million, with earnings per share of $0.88, surpassing the consensus estimate by $0.09.
• The stock has seen mixed ratings from analysts, with Guggenheim downgrading it from "strong-buy" to "hold" while maintaining a price target of $455.00; the average rating among analysts is currently "Hold".

Boothbay Fund Management LLC lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,433 shares of the technology company's stock after selling 990 shares during the period. CyberArk Software accounts for 0.4% of Boothbay Fund Management LLC's portfolio, making the stock its 27th largest holding. Boothbay Fund Management LLC owned 0.09% of CyberArk Software worth $14,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after acquiring an additional 29 shares during the period. Prudential PLC increased its position in CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock worth $432,000 after acquiring an additional 30 shares during the period. MAI Capital Management raised its stake in CyberArk Software by 1.1% during the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock valued at $932,000 after purchasing an additional 31 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after purchasing an additional 38 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in CyberArk Software by 100.0% in the 1st 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. Institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CYBR shares. Scotiabank restated a "sector perform" rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Wolfe Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Rosenblatt Securities cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target for the company. in a report on Friday, August 1st. Wedbush reiterated a "neutral" rating and issued a $450.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Oppenheimer reissued a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $6.03 during midday trading on Monday, hitting $468.80. 617,974 shares of the company were exchanged, compared to its average volume of 933,234. The firm has a 50 day simple moving average of $412.06 and a 200-day simple moving average of $377.32. 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 cap of $23.17 billion, a P/E ratio of -139.11 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.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released 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. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. Research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.