CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by NBW Capital LLC

Key Points

• NBW Capital LLC reduced its stake in CyberArk Software Ltd. by 23.7% in the first quarter, now holding shares worth $3,847,000.
• Analysts recently downgraded CyberArk to a "hold" rating, with a consensus target price of $435.11, while most analysts assigned a "hold" rating overall.
• CyberArk reported a 46.0% year-over-year increase in revenue for the quarter, achieving $328.03 million, and exceeded earnings estimates by $0.09 per share.

NBW Capital LLC cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 23.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,381 shares of the technology company's stock after selling 3,539 shares during the quarter. NBW Capital LLC's holdings in CyberArk Software were worth $3,847,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software during the 4th quarter worth about $380,637,000. First Trust Advisors LP increased its stake in CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after acquiring an additional 20,832 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in CyberArk Software by 31.5% in the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after purchasing an additional 114,622 shares during the last quarter. Deutsche Bank AG boosted its holdings in CyberArk Software by 1.0% in the first quarter. Deutsche Bank AG now owns 362,296 shares of the technology company's stock worth $122,456,000 after purchasing an additional 3,726 shares during the period. Finally, Congress Asset Management Co. increased its position in CyberArk Software by 304.2% in the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after acquiring an additional 250,441 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CYBR has been the subject of several recent analyst reports. Roth Capital started coverage on CyberArk Software in a research report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Royal Bank Of Canada restated a "sector perform" rating and set a $448.00 price objective (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research note on Friday, August 1st. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $435.11.

CyberArk Software Trading Down 0.7%

Shares of CYBR traded down $2.86 during mid-day trading on Friday, reaching $399.76. 1,913,309 shares of the company's stock traded hands, compared to its average volume of 2,390,979. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The stock's 50-day moving average is $394.49 and its two-hundred day moving average is $370.00. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $452.00. The stock has a market cap of $19.76 billion, a P/E ratio of -118.62 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly 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 negative net margin of 13.78% and a positive return on equity of 0.44%. 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 business posted $0.54 earnings per share. The business's revenue for the quarter was up 46.0% on a year-over-year basis. Research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.