CyberArk Software Ltd. $CYBR Shares Bought by IFP Advisors Inc

Key Points

• IFP Advisors Inc increased its stakes in CyberArk Software Ltd. by 110.2% during the second quarter, resulting in holdings worth approximately $460,000.
• CyberArk Software's quarterly earnings topped expectations with an EPS of $0.88, exceeding the consensus estimate of $0.79, and revenue rose by 46.0% year-over-year.
• Analysts' ratings on CyberArk Software vary, with eleven analysts$446.46, despite fluctuating price objectives from various firms.

IFP Advisors Inc grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 110.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,131 shares of the technology company's stock after purchasing an additional 593 shares during the period. IFP Advisors Inc's holdings in CyberArk Software were worth $460,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in CyberArk Software during the second quarter worth $30,000. Golden State Wealth Management LLC increased its position in shares of 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 period. Bessemer Group Inc. increased its position in shares of 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 acquiring an additional 80 shares during the period. Morse Asset Management Inc purchased a new stake in shares of CyberArk Software during the first quarter worth $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 worth $37,000 after acquiring an additional 85 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson upped their price objective on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Citizens Jmp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. 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 reaffirmed a "neutral" rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Barclays reissued an "equal weight" rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $446.46.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $491.30 on Wednesday. The stock's 50-day moving average is $461.91 and its two-hundred day moving average is $402.83. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of -145.79 and a beta of 1.01. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $514.28. 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 (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 earnings per share. Analysts predict 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.

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