Bosman Wealth Management LLC Cuts Stake in CyberArk Software Ltd. $CYBR

Key Points

• Bosman Wealth Management LLC reduced its stake in CyberArk Software Ltd. by 18.5%, now holding 13,834 shares valued at approximately $5.6 million, making it its fifth largest holding.
• Several institutional investors, including Moody Lynn & Lieberson LLC, increased their stakes significantly in CyberArk, with Moody Lynn boosting its position by 935.1%.
• CyberArk Software reported a quarterly revenue increase of 46.0% year-over-year, with earnings per share exceeding analyst estimates, highlighting continued growth and market interest.

Bosman Wealth Management LLC lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,834 shares of the technology company's stock after selling 3,149 shares during the quarter. CyberArk Software comprises approximately 5.0% of Bosman Wealth Management LLC's investment portfolio, making the stock its 5th biggest holding. Bosman Wealth Management LLC's holdings in CyberArk Software were worth $5,629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Chicago Capital LLC lifted its stake in CyberArk Software by 3.3% in the second quarter. Chicago Capital LLC now owns 3,894 shares of the technology company's stock valued at $1,584,000 after buying an additional 125 shares in the last quarter. Trivium Point Advisory LLC lifted its stake in CyberArk Software by 21.8% in the second quarter. Trivium Point Advisory LLC now owns 16,532 shares of the technology company's stock valued at $6,727,000 after buying an additional 2,960 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in CyberArk Software by 0.9% in the second quarter. Janney Montgomery Scott LLC now owns 8,574 shares of the technology company's stock valued at $3,489,000 after buying an additional 80 shares in the last quarter. GC Wealth Management RIA LLC bought a new stake in shares of CyberArk Software in the second quarter worth $295,000. Finally, Moody Lynn & Lieberson LLC lifted its position in shares of CyberArk Software by 935.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 11,034 shares of the technology company's stock worth $4,490,000 after purchasing an additional 9,968 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Robert W. Baird reissued a "neutral" rating and issued a $460.00 price objective on shares of CyberArk Software in a research report on Friday, August 1st. Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wolfe Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $439.00.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $483.82 on Tuesday. CyberArk Software Ltd. has a one year low of $269.00 and a one year high of $493.85. The company has a market cap of $23.92 billion, a P/E ratio of -143.57 and a beta of 1.03. The firm's fifty day moving average price is $440.55 and its two-hundred day moving average price is $391.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS 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 firm had revenue of $328.03 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. Equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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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