CyberArk Software Ltd. $CYBR Shares Acquired by Moody Lynn & Lieberson LLC

Key Points

• Moody Lynn & Lieberson LLC significantly increased its stake in CyberArk Software by 935.1%, acquiring an additional 9,968 shares during Q2, bringing total holdings to 11,034 shares valued at approximately $4.49 million.
• CyberArk Software reported Q2 earnings with an earnings per share of $0.88, surpassing estimates, as revenue climbed 46% year-on-year to $328.03 million.
• Analysts currently rate CyberArk Software with a consensus rating of "Hold" and a target price of $439.00, with twelve analysts suggesting a Buy rating and nineteen a Hold rating.

Moody Lynn & Lieberson LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 935.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,034 shares of the technology company's stock after buying an additional 9,968 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in CyberArk Software were worth $4,490,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of CyberArk Software by 1,598.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after purchasing an additional 921,523 shares during the period. Voya Investment Management LLC lifted its position in shares of CyberArk Software by 0.7% in the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company's stock worth $300,448,000 after buying an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CyberArk Software by 82.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock worth $250,290,000 after buying an additional 335,634 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of CyberArk Software by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock valued at $228,161,000 after buying an additional 106,435 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CYBR shares. Wolfe Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Needham & Company LLC raised their price target on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Stifel Nicolaus restated a "hold" rating and set a $444.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Citizens Jmp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Twelve research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $439.00.

CyberArk Software Stock Down 0.0%

Shares of CyberArk Software stock opened at $480.45 on Monday. 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 Ltd. has a 1-year low of $269.00 and a 1-year high of $493.85. The business's fifty day moving average price is $438.59 and its two-hundred day moving average price is $390.66. The company has a market capitalization of $23.75 billion, a P/E ratio of -142.57 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the business posted $0.54 earnings per share. The company's revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS 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.

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