CyberArk Software Ltd. $CYBR Stock Holdings Cut by Beck Bode LLC

Key Points

• Beck Bode LLC has reduced its stake in CyberArk Software by 32.4%, now holding 2,335 shares valued at approximately $789,000.
• Several other institutional investors increased their stakes, with Bessemer Group Inc. raising its holding by 421.1%, while 91.84% of CyberArk's stock is owned by institutional investors and hedge funds.
• CyberArk Software reported earnings of $0.88 per share, exceeding estimates, and witnessed a 46% increase in revenue compared to the prior year.

Beck Bode LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,335 shares of the technology company's stock after selling 1,118 shares during the quarter. Beck Bode LLC's holdings in CyberArk Software were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC lifted its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC grew its holdings in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares in the last quarter. Bessemer Group Inc. grew 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 in the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software during the 1st 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 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CYBR. Stifel Nicolaus restated a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Roth Capital began coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. Finally, Wedbush reaffirmed a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Trading Up 0.0%

Shares of NASDAQ:CYBR traded up $0.09 during midday trading on Friday, reaching $453.26. The company's stock had a trading volume of 705,902 shares, compared to its average volume of 1,549,911. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of -134.50 and a beta of 0.96. 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 1 year low of $254.43 and a 1 year high of $457.07. The business has a 50 day moving average price of $406.31 and a 200 day moving average price of $375.94.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The firm's quarterly revenue was up 46.0% compared to the same quarter last year. Research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company 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.