CyberArk Software Ltd. $CYBR Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in CyberArk Software Ltd. by 4.9%, now holding 12,398 shares valued at $5,044,000 as of its latest filing with the SEC.
• CyberArk Software reported earnings of $0.88 per share for the last quarter, exceeding analyst expectations, with revenue increasing by 46.0% year-over-year.
• The company has a current market capitalization of $25.44 billion and maintains strong institutional ownership at 91.84%.

US Bancorp DE lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,398 shares of the technology company's stock after selling 636 shares during the period. US Bancorp DE's holdings in CyberArk Software were worth $5,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in CyberArk Software in the second quarter valued at $30,000. Golden State Wealth Management LLC raised its holdings in shares of 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 buying an additional 39 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of CyberArk Software by 421.1% in the first 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 last quarter. Morse Asset Management Inc purchased a new stake in shares of CyberArk Software in the first quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 2.1%

NASDAQ CYBR opened at $504.02 on Tuesday. The stock has a market capitalization of $25.44 billion, a P/E ratio of -149.56 and a beta of 1.01. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The firm has a 50-day moving average price of $460.18 and a 200 day moving average price of $402.21. 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 posted 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 firm had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same period in the prior year, the company posted $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating and issued a $448.00 target price (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Wedbush reaffirmed a "neutral" rating and issued a $450.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Piper Sandler reaffirmed a "neutral" rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Stifel Nicolaus reaffirmed a "hold" rating and issued a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Finally, DA Davidson upped their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $443.38.

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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