Clal Insurance Enterprises Holdings Ltd raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 195,752 shares of the technology company's stock after buying an additional 52,500 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 0.40% of CyberArk Software worth $66,164,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of CYBR. Thoma Bravo L.P. bought a new stake in CyberArk Software during the fourth quarter worth $380,637,000. Invesco Ltd. grew its stake in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after purchasing an additional 122,423 shares during the period. First Trust Advisors LP grew its stake in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after purchasing an additional 20,832 shares during the period. JPMorgan Chase & Co. lifted its position in shares of CyberArk Software by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock valued at $228,161,000 after buying an additional 106,435 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in shares of CyberArk Software by 31.5% during the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after buying an additional 114,622 shares during the last quarter. Institutional investors own 91.84% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on CYBR shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Wolfe Research lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Guggenheim lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective on the stock. in a research report on Thursday, July 31st. Finally, KeyCorp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Eighteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $435.11.
Read Our Latest Analysis on CYBR
CyberArk Software Stock Performance
Shares of NASDAQ CYBR traded up $9.32 during trading hours on Friday, reaching $423.85. The stock had a trading volume of 1,037,868 shares, compared to its average volume of 2,580,099. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. The firm has a 50-day moving average of $396.53 and a 200-day moving average of $371.71. 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 firm has a market cap of $20.95 billion, a price-to-earnings ratio of -125.77 and a beta of 0.96.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company's revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
About CyberArk Software
(
Free Report)
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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