Crumly & Associates Inc. Sells 684 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Crumly & Associates Inc. has reduced its stake in CyberArk Software Ltd. by 35.8%, selling 684 shares, and now holds 1,224 shares valued at approximately $498,000.
• CyberArk Software reported quarterly earnings of $0.88 per share, exceeding expectations, with revenue of $328.03 million, a 46% increase year-over-year.
• Analysts have mixed ratings for CyberArk, with a consensus price target of $435.11, as 14 analysts rated it "Buy" while 17 rated it "Hold".

Crumly & Associates Inc. cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 35.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,224 shares of the technology company's stock after selling 684 shares during the quarter. Crumly & Associates Inc.'s holdings in CyberArk Software were worth $498,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CYBR. Venturi Wealth Management LLC increased its stake in CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after purchasing an additional 29 shares during the period. Prudential PLC increased its stake in shares of CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock valued at $432,000 after buying an additional 30 shares during the period. MAI Capital Management increased its stake in shares of CyberArk Software by 1.1% during the first quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock valued at $932,000 after buying an additional 31 shares during the period. Y.D. More Investments Ltd increased its stake in shares of CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after buying an additional 38 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of CYBR stock opened at $466.30 on Friday. CyberArk Software Ltd. has a 1-year low of $266.64 and a 1-year high of $480.59. The stock's 50-day moving average is $419.28 and its 200 day moving average is $380.51. The company has a market cap of $23.05 billion, a P/E ratio of -138.37 and a beta of 1.03. 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 issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. Research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CYBR. Barclays raised their price target on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Scotiabank restated a "sector perform" rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Needham & Company LLC raised their price target on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Stephens downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $435.11.

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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