Ethic Inc. Boosts Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Ethic Inc. has increased its investment in CyberArk Software Ltd. by 22.7%, acquiring an additional 941 shares, bringing its total holdings to 5,079 shares valued at approximately $1,769,000.
• The stock opened at $421.10 and has experienced a 52-week range between $254.43 and $452.00, with a market capitalization of $20.81 billion.
• CyberArk reported earnings of $0.88 EPS for the recent quarter, exceeding analyst expectations, with a revenue increase of 46.0% compared to the same quarter last year.

Ethic Inc. increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 22.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,079 shares of the technology company's stock after buying an additional 941 shares during the quarter. Ethic Inc.'s holdings in CyberArk Software were worth $1,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. Whipplewood Advisors LLC raised its position in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. lifted its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares during the period. Morse Asset Management Inc purchased a new stake in CyberArk Software in the 1st quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CYBR shares. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Needham & Company LLC raised their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wedbush restated a "neutral" rating and issued a $450.00 target price on shares of CyberArk Software in a 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. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

CYBR traded down $3.55 on Thursday, hitting $435.12. 965,187 shares of the company traded hands, compared to its average volume of 2,792,365. CyberArk Software Ltd. has a 12-month low of $254.43 and a 12-month high of $452.00. The company has a 50 day moving average of $399.42 and a 200-day moving average of $373.38. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.51 billion, a PE ratio of -129.12 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate 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 business's revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.