Eventide Asset Management LLC Has $18.64 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• Eventide Asset Management LLC significantly increased its stake in CyberArk Software by 788.2% in the first quarter, owning approximately 0.11% of the company valued at about $18.6 million.
• CyberArk Software reported a 46.0% increase in quarterly revenue year-over-year, with earnings per share overshadowing estimates at $0.88 compared to a consensus of $0.79.
• The stock currently has a consensus rating of "Hold", with a target price averaging around $435.11, following several analysts' adjustments to their ratings.

Eventide Asset Management LLC raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 788.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,158 shares of the technology company's stock after buying an additional 48,948 shares during the period. Eventide Asset Management LLC owned about 0.11% of CyberArk Software worth $18,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CYBR. Dimensional Fund Advisors LP grew its position in shares of CyberArk Software by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock valued at $2,227,000 after buying an additional 53 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $152,000. Mercer Global Advisors Inc. ADV grew its position in shares of CyberArk Software by 221.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,081 shares of the technology company's stock valued at $1,027,000 after buying an additional 2,122 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of CyberArk Software by 5.6% in the 4th quarter. Benjamin Edwards Inc. now owns 3,484 shares of the technology company's stock valued at $1,161,000 after buying an additional 185 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of CyberArk Software by 38.3% in the 4th quarter. Baird Financial Group Inc. now owns 14,048 shares of the technology company's stock valued at $4,680,000 after buying an additional 3,891 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird reissued a "neutral" rating and issued a $460.00 price objective on shares of CyberArk Software in a research report on Friday, August 1st. Barclays lifted their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Stephens lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Rosenblatt Securities lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective for the company. in a research report on Friday, August 1st. Finally, DA Davidson lifted 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. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Up 1.3%

CyberArk Software stock traded up $6.03 during midday trading on Monday, reaching $468.80. The stock had a trading volume of 617,974 shares, compared to its average volume of 933,235. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $470.19. The company has a market capitalization of $23.17 billion, a P/E ratio of -139.11 and a beta of 1.03. The company has a fifty day moving average price of $412.06 and a two-hundred day moving average price of $377.32. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million during 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 firm's revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.