Credit Agricole S A Raises Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Credit Agricole S A increased its stake in CyberArk Software by 1.3%, owning approximately 0.19% of the company worth $32 million after acquiring additional shares during the first quarter.
• CyberArk Software reported a quarterly EPS of $0.88, exceeding analysts' expectations, with revenue of $328.03 million reflecting a year-over-year increase of 46%.
• Investment firms like Thoma Bravo and Janus Henderson Group have recently made significant investments in CyberArk, indicating growing institutional interest, with 91.84% of shares held by hedge funds and other institutional investors.

Credit Agricole S A boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,680 shares of the technology company's stock after purchasing an additional 1,242 shares during the period. Credit Agricole S A owned about 0.19% of CyberArk Software worth $32,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CYBR. Golden State Wealth Management LLC raised its stake in shares of CyberArk Software by 100.0% in the first 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 raised its stake in shares of CyberArk Software by 135.3% in the first 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. raised its stake in shares of CyberArk Software by 421.1% in the first 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 bought a new position in shares of CyberArk Software in the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of CyberArk Software by 340.0% in the first 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 hedge funds and other institutional investors.

CyberArk Software Trading Up 1.4%

Shares of CyberArk Software stock traded up $6.12 on Friday, reaching $441.24. The company had a trading volume of 704,762 shares, compared to its average volume of 2,817,566. The firm has a market cap of $21.81 billion, a price-to-earnings ratio of -130.93 and a beta of 0.96. 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's 50-day moving average price is $400.51 and its two-hundred day moving average price is $373.79. CyberArk Software Ltd. has a 1 year low of $254.43 and a 1 year high of $452.00.

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

Analysts Set New Price Targets

Several research firms have recently commented on CYBR. Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Stifel Nicolaus reissued a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Wedbush reissued a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Wolfe Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, DA Davidson lifted their target price on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Fourteen 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, the company 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.