Citigroup Inc. Buys 1,410 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Citigroup Inc. increased its stake in CyberArk Software by 0.7%, now owning 206,140 shares valued at approximately $69.68 million.
• Several institutional investors significantly raised their holdings in CyberArk, with Bessemer Group Inc. increasing its stake by 421.1%.
• CyberArk's latest earnings report showed a quarterly revenue of $328.03 million, exceeding expectations and marking a 46% year-over-year growth.

Citigroup Inc. raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,140 shares of the technology company's stock after buying an additional 1,410 shares during the period. Citigroup Inc. owned about 0.42% of CyberArk Software worth $69,675,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. 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 worth $26,000 after acquiring 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 worth $27,000 after acquiring 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 worth $33,000 after acquiring an additional 80 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of CyberArk Software during the 1st quarter worth $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 worth $37,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Down 0.7%

NASDAQ:CYBR opened at $399.76 on Friday. The company has a 50-day moving average price of $394.49 and a 200-day moving average price of $369.93. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $452.00. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of -118.62 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $315.43 million. During the same period last year, the company posted $0.54 EPS. The company's quarterly revenue was up 46.0% compared to the same quarter last year. Equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CYBR shares. Wolfe Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. BTIG Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Eighteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, CyberArk Software presently has an average rating of "Hold" and an average 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.

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