CyberArk Software Ltd. $CYBR Shares Purchased by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in CyberArk Software by 538.7% during the first quarter, bringing its total share count to 1,929, valued at $652,000.
• During the same period, several other hedge funds also boosted their stakes in CyberArk, with notable increases including a 421.1% rise by Bessemer Group Inc. and a new position from Morse Asset Management valued at $34,000.
• CyberArk Software recently reported earnings that exceeded expectations, with an EPS of $0.88 against an estimate of $0.79, and a year-over-year revenue growth of 46.0%.

Edmond DE Rothschild Holding S.A. boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 538.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,929 shares of the technology company's stock after purchasing an additional 1,627 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in CyberArk Software were worth $652,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EFG Asset Management North America Corp. increased its stake in shares of CyberArk Software by 7.7% during the first quarter. EFG Asset Management North America Corp. now owns 7,530 shares of the technology company's stock valued at $2,548,000 after purchasing an additional 540 shares in the last quarter. Eventide Asset Management LLC raised its stake in CyberArk Software by 788.2% during the first quarter. Eventide Asset Management LLC now owns 55,158 shares of the technology company's stock valued at $18,641,000 after buying an additional 48,948 shares during the last quarter. Curi RMB Capital LLC lifted its stake in shares of CyberArk Software by 449.5% in the first quarter. Curi RMB Capital LLC now owns 17,393 shares of the technology company's stock worth $5,879,000 after buying an additional 14,228 shares in the last quarter. Alliancebernstein L.P. raised its holdings in CyberArk Software by 5.9% in the 1st quarter. Alliancebernstein L.P. now owns 260,022 shares of the technology company's stock worth $87,887,000 after acquiring an additional 14,530 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of CyberArk Software during the 1st quarter valued at about $284,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CYBR shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 price objective (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. DA Davidson lifted their price objective on shares of CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Robert W. Baird reaffirmed a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Wedbush reiterated a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

CyberArk Software stock traded up $4.89 during midday trading on Thursday, hitting $473.74. 191,717 shares of the company were exchanged, compared to its average volume of 925,090. CyberArk Software Ltd. has a fifty-two week low of $266.64 and a fifty-two week high of $480.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The business has a fifty day simple moving average of $416.48 and a two-hundred day simple moving average of $379.18. The firm has a market capitalization of $23.42 billion, a PE ratio of -140.70 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.54 EPS. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.