Trivium Point Advisory LLC Grows Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Trivium Point Advisory LLC increased its stake in CyberArk Software by 8.6%, owning a total of 13,572 shares valued at approximately $4.59 million as of their latest SEC filing.
• Analysts have raised their price targets for CyberArk Software, with Needham & Company increasing it from $460.00 to $551.00, indicating growing confidence in the stock.
• CyberArk Software reported a quarterly earnings per share of $0.88, surpassing expectations and reflecting a 46.0% year-over-year revenue increase.

Trivium Point Advisory LLC boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,572 shares of the technology company's stock after buying an additional 1,073 shares during the period. Trivium Point Advisory LLC's holdings in CyberArk Software were worth $4,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Thoma Bravo L.P. purchased a new position in CyberArk Software in the 4th quarter valued at approximately $380,637,000. Invesco Ltd. boosted its holdings in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after purchasing an additional 122,423 shares during the period. First Trust Advisors LP boosted its holdings in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after purchasing an additional 20,832 shares during the period. JPMorgan Chase & Co. boosted its holdings in CyberArk Software by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock valued at $228,161,000 after purchasing an additional 106,435 shares during the period. Finally, Driehaus Capital Management LLC boosted its holdings in CyberArk Software by 31.5% in the 4th 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 period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CYBR shares. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Rosenblatt Securities downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target for the company. in a report on Friday, August 1st. Stephens downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their price target for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Wolfe Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Trading Up 3.2%

CyberArk Software stock traded up $13.5540 during mid-day trading on Tuesday, hitting $434.6540. The company's stock had a trading volume of 1,941,936 shares, compared to its average volume of 932,149. 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 has a market cap of $21.48 billion, a price-to-earnings ratio of -128.80 and a beta of 0.96. The business has a 50 day moving average price of $396.99 and a 200-day moving average price of $372.08. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $452.00.

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 for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, 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.