CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in CyberArk Software Ltd. to approximately $122.46 million, owning about 0.73% of the company's stock after buying an additional 3,726 shares.
• The company reported earnings of $0.88 per share for the last quarter, surpassing estimates, and its revenue increased by 46.0% year-over-year, amounting to $328.03 million.
• Wall Street analysts currently give CyberArk a consensus rating of "Hold" with an average price target of $435.11.

Deutsche Bank AG increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,296 shares of the technology company's stock after acquiring an additional 3,726 shares during the quarter. Deutsche Bank AG owned about 0.73% of CyberArk Software worth $122,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CYBR. Golden State Wealth Management LLC grew its position in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC grew its position in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the last quarter. Bessemer Group Inc. grew its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software during the 1st quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR traded down $3.73 during midday trading on Thursday, reaching $419.09. 355,425 shares of the company's stock were exchanged, compared to its average volume of 921,757. 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 capitalization of $20.72 billion, a PE ratio of -124.58 and a beta of 0.96. The business's 50-day moving average price is $395.68 and its 200 day moving average price is $370.99. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00.

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

Wall Street Analyst Weigh In

CYBR has been the topic of several research reports. Piper Sandler reissued a "neutral" rating and set a $448.00 price objective (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Robert W. Baird reaffirmed a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Finally, KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $435.11.

CyberArk Software 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.