Curi RMB Capital LLC Boosts Stake in CyberArk Software Ltd. $CYBR

Key Points

• Curi RMB Capital LLC significantly increased its stake in CyberArk Software Ltd. by 449.5%, owning 17,393 shares valued at approximately $5.88 million at the end of the first quarter.
• Several other institutional investors also boosted their holdings, with 91.84% of the stock currently owned by hedge funds and other institutional investors.
• Certain analysts have cut their ratings for CyberArk Software from "strong-buy" to "hold," with a consensus target price set at $435.11.

Curi RMB Capital LLC raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 449.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,393 shares of the technology company's stock after acquiring an additional 14,228 shares during the quarter. Curi RMB Capital LLC's holdings in CyberArk Software were worth $5,879,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CYBR. Golden State Wealth Management LLC lifted its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC boosted its position in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its position in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software during the first quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Up 0.8%

Shares of CYBR traded up $3.54 during midday trading on Wednesday, reaching $473.03. The company had a trading volume of 299,200 shares, compared to its average volume of 926,309. CyberArk Software Ltd. has a 1-year low of $259.08 and a 1-year high of $480.59. The stock has a market cap of $23.38 billion, a PE ratio of -140.25 and a beta of 1.03. The firm has a 50 day simple moving average of $414.86 and a 200-day simple moving average of $378.56. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

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. 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 during the quarter, compared to the consensus estimate of $315.43 million. During the same period last year, the company earned $0.54 EPS. The company's revenue for the quarter was up 46.0% on a year-over-year basis. Research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated 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. BTIG Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Wedbush reiterated a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Roth Capital began coverage on CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. Finally, Piper Sandler reissued a "neutral" rating and set a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a report 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 MarketBeat, the stock 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.