CyberArk Software Ltd. $CYBR Holdings Decreased by Praesidium Investment Management Company LLC

Key Points

• Praesidium Investment Management Company LLC reduced its stake in CyberArk Software by 35.2% in Q1, now holding 119,937 shares, which makes it the 7th largest position in its portfolio.
• CyberArk's stock has a market capitalization of $22.40 billion and recently opened at $453.26, with a 52-week low of $254.43 and a high of $457.07.
• In its last earnings report, CyberArk Software reported $0.88 EPS, exceeding analysts' expectations, and achieved a 46% year-over-year revenue growth with quarterly revenue of $328.03 million.

Praesidium Investment Management Company LLC lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 35.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,937 shares of the technology company's stock after selling 65,199 shares during the quarter. CyberArk Software comprises about 7.6% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its 7th biggest holding. Praesidium Investment Management Company LLC owned 0.24% of CyberArk Software worth $40,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC lifted its stake in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares during the period. Whipplewood Advisors LLC raised its position in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the last quarter. Bessemer Group Inc. grew its holdings 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 valued at $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of CyberArk Software in the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings 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 valued at $37,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wolfe Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Needham & Company LLC lifted their target price on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Roth Capital began coverage on CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price for the company. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. 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 company has a consensus rating of "Hold" and an average target price of $435.11.

CyberArk Software Stock Up 1.0%

Shares of CYBR stock traded up $4.67 on Friday, hitting $462.77. The stock had a trading volume of 666,662 shares, compared to its average volume of 1,110,708. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $412.06 and a 200 day moving average price of $377.71. The company has a market cap of $22.87 billion, a PE ratio of -137.32 and a beta of 1.03. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $466.66.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm 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 firm's quarterly revenue was up 46.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.