2,000 Shares in CyberArk Software Ltd. $CYBR Acquired by Diker Management LLC

Key Points

• Diker Management LLC invested approximately $676,000 in CyberArk Software Ltd., acquiring 2,000 shares, making it the company's 17th largest holding.
• Several large investors have significantly increased their stakes in CyberArk Software, with Price T Rowe Associates Inc. raising its position by 1,598.3% in the first quarter.
• CyberArk Software reported a 46% increase in quarterly revenue year-over-year and exceeded EPS expectations, posting $0.88 compared to the consensus of $0.79.

Diker Management LLC bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,000 shares of the technology company's stock, valued at approximately $676,000. CyberArk Software makes up approximately 0.8% of Diker Management LLC's holdings, making the stock its 17th largest holding.

Several other institutional investors also recently bought and sold shares of CYBR. Golden State Wealth Management LLC increased its stake in shares of CyberArk Software by 100.0% in the first 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 period. Whipplewood Advisors LLC increased its stake in shares of CyberArk Software by 135.3% in the first 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 period. Bessemer Group Inc. increased its stake in shares of CyberArk Software by 421.1% in the first 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 period. Morse Asset Management Inc bought a new position in shares of CyberArk Software in the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of CyberArk Software by 340.0% in the first 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 period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

NASDAQ CYBR traded down $4.89 during trading on Friday, reaching $466.30. 639,038 shares of the company traded hands, compared to its average volume of 898,057. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock's 50 day moving average price is $419.28 and its two-hundred day moving average price is $380.62. The company has a market cap of $23.05 billion, a price-to-earnings ratio of -138.37 and a beta of 1.03. CyberArk Software Ltd. has a 1-year low of $266.64 and a 1-year high of $480.59.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company's quarterly revenue was up 46.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. Scotiabank reiterated a "sector perform" rating and issued a $448.00 price objective (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Stifel Nicolaus reissued a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Piper Sandler reissued a "neutral" rating and set a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, William Blair downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $435.11.

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.