Corient IA LLC Invests $1.35 Million in CyberArk Software Ltd. $CYBR

Key Points

• Corient IA LLC acquired 4,000 shares of CyberArk Software Ltd. (NASDAQ:CYBR), valued at approximately $1.35 million, making it the firm's 9th largest holding.
• CyberArk reported $0.88 earnings per share (EPS) for the last quarter, exceeding analyst expectations by $0.09, with year-over-year revenue growth of 46%.
• The stock has a market cap of $20.95 billion and an average analyst rating of "Hold" with a target price of $435.11.

Corient IA LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 4,000 shares of the technology company's stock, valued at approximately $1,352,000. CyberArk Software accounts for 1.0% of Corient IA LLC's holdings, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in 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 buying an additional 39 shares during the period. Whipplewood Advisors LLC lifted its holdings in 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 buying an additional 46 shares during the period. Bessemer Group Inc. lifted its holdings in 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 buying an additional 80 shares during the period. Morse Asset Management Inc acquired a new position in CyberArk Software during the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 buying an additional 85 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.8%

CYBR stock traded down $3.55 during trading on Thursday, reaching $435.12. 965,170 shares of the stock were exchanged, compared to its average volume of 942,625. The firm's 50 day moving average is $398.56 and its 200 day moving average is $372.95. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve 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 firm has a market cap of $21.51 billion, a P/E ratio of -129.12 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share 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 business had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period in the prior year, the business earned $0.54 EPS. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CYBR. UBS Group downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, July 22nd. Roth Capital initiated coverage on CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective on the stock. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective on the stock. in a research note on Thursday, July 31st. Finally, Wedbush reissued a "neutral" rating and issued a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software 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.