Vanguard Group Inc. Buys 3,842 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Vanguard Group Inc. increased its holdings in CyberArk Software Ltd. by 5.2%, now owning approximately 0.16% of the company valued at $26.32 million.
• CyberArk's recent earnings report showed earnings per share of $0.88, exceeding the consensus estimate by $0.09, with revenue up 46.0% year-over-year.
• CyberArk Software is currently rated as a Hold by analysts, with a consensus target price of $435.11.

Vanguard Group Inc. grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,871 shares of the technology company's stock after purchasing an additional 3,842 shares during the quarter. Vanguard Group Inc. owned approximately 0.16% of CyberArk Software worth $26,320,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CYBR. Bessemer Group Inc. grew its holdings in CyberArk Software by 421.1% during 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 in the last quarter. Golden State Wealth Management LLC grew its holdings in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after buying an additional 280 shares in the last quarter. Blue Trust Inc. grew its holdings in CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after buying an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after buying an additional 187 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 0.0%

Shares of CYBR traded up $0.09 during mid-day trading on Friday, hitting $453.26. 705,902 shares of the company's stock traded hands, compared to its average volume of 1,549,911. The firm has a market capitalization of $22.40 billion, a P/E ratio of -134.50 and a beta of 0.96. The business's 50-day moving average price is $406.31 and its 200-day moving average price is $375.67. CyberArk Software Ltd. has a 1 year low of $254.43 and a 1 year high of $457.07. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 46.0% on a year-over-year basis. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Baird R W downgraded 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 set a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Scotiabank reiterated a "sector perform" rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, Wedbush reiterated a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $435.11.

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.