CyberArk Software Ltd. $CYBR Shares Sold by Aperture Investors LLC

Key Points

• Aperture Investors LLC reduced its stake in CyberArk Software by 9.7%, now holding 81,291 shares valued at approximately $27.5 million, making it the second-largest holding in their portfolio.
• CyberArk reported a quarterly earnings surprise with $0.88 EPS, exceeding estimates of $0.79, and achieved a 46% increase in revenue year-over-year, totaling $328.03 million.
• The stock received a range of ratings from analysts, with 14 analysts rating it as a Buy and a consensus target price of $435.11, indicating mixed sentiment in the market.

Aperture Investors LLC cut its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,291 shares of the technology company's stock after selling 8,720 shares during the period. CyberArk Software accounts for approximately 3.5% of Aperture Investors LLC's investment portfolio, making the stock its 2nd biggest holding. Aperture Investors LLC owned about 0.16% of CyberArk Software worth $27,476,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake 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 purchasing an additional 80 shares during the last quarter. Golden State Wealth Management LLC boosted its stake 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 purchasing an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 purchasing an additional 280 shares during the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake 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 purchasing an additional 187 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 1.5%

Shares of CYBR stock opened at $453.17 on Friday. The company has a 50 day moving average of $404.91 and a 200-day moving average of $375.48. 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 Ltd. has a 12-month low of $254.43 and a 12-month high of $454.68. The firm has a market cap of $22.40 billion, a P/E ratio of -134.47 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued 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 negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter last year, the business posted $0.54 EPS. CyberArk Software's quarterly revenue was up 46.0% compared to the same quarter last year. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of analyst reports. Wedbush reiterated a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. DA Davidson lifted their price target on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Guggenheim cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price on the stock. in a research report on Thursday, July 31st. Finally, Roth Capital initiated coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.

Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.