Dakota Wealth Management Has $2.53 Million Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• Dakota Wealth Management increased its stake in CyberArk Software by 139.5% during Q2, holding 6,219 shares valued at $2.53 million.
• CyberArk Software reported a 46% year-over-year increase in revenue, reaching $328.03 million, with earnings per share of $0.88, surpassing estimates by $0.09.
• Institutional investors own approximately 91.84% of CyberArk Software's shares, indicating strong interest from the investment community.

Dakota Wealth Management grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 139.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,219 shares of the technology company's stock after purchasing an additional 3,622 shares during the quarter. Dakota Wealth Management's holdings in CyberArk Software were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. raised its holdings in CyberArk Software by 421.1% during 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 in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of CyberArk Software by 100.0% during the 1st 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after acquiring an additional 280 shares during the last quarter. Blue Trust Inc. raised its stake in shares of CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after acquiring an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in CyberArk Software by 9.1% during the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $480.54 on Friday. 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 company has a market cap of $23.75 billion, a PE ratio of -142.59 and a beta of 1.03. The firm has a fifty day moving average price of $436.69 and a two-hundred day moving average price of $388.79. CyberArk Software Ltd. has a fifty-two week low of $269.00 and a fifty-two week high of $493.85.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating 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 business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays lifted their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Piper Sandler restated a "neutral" rating and set a $448.00 price target (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Wolfe Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Twelve investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat, CyberArk Software has an average rating of "Hold" and a consensus target price of $439.00.

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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