CyberArk Software Ltd. $CYBR Shares Acquired by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC increased its stake in CyberArk Software by 8.2% during the second quarter, owning 18,732 shares valued at approximately $7.62 million.
• CyberArk Software reported a significant increase in revenue for the latest quarter, with earnings of $0.88 per share, exceeding the consensus estimate by $0.09.
• Most analysts currently hold a "Hold" rating on CyberArk shares, with a consensus target price around $448.85, reflecting cautious optimism in the company’s growth prospects.

Mutual of America Capital Management LLC lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,732 shares of the technology company's stock after purchasing an additional 1,422 shares during the quarter. Mutual of America Capital Management LLC's holdings in CyberArk Software were worth $7,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter worth about $30,000. Bessemer Group Inc. raised its holdings in CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. Morse Asset Management Inc purchased a new position in CyberArk Software during the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of 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 valued at $37,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $500.49 on Tuesday. The business has a 50-day simple moving average of $468.89 and a 200-day simple moving average of $407.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a one year low of $271.68 and a one year high of $514.28. The company has a market cap of $25.26 billion, a PE ratio of -148.51 and a beta of 1.01.

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 for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm's revenue was up 46.0% compared to the same quarter last year. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group cut shares of CyberArk Software from a "buy" rating to a "hold" rating and increased their price objective for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. Baird R W lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Piper Sandler reiterated a "neutral" rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Scotiabank restated a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Finally, UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $448.85.

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.

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