Ethic Inc. Has $2.25 Million Position in CyberArk Software Ltd. $CYBR

Key Points

• Ethic Inc. increased its position in CyberArk Software Ltd. by 11.3%, holding shares worth approximately $2.25 million as of its latest SEC filing.
• Institutional investors collectively own 91.84% of CyberArk's stock, with several recently acquiring or increasing their stakes.
• CyberArk reported $328.03 million in revenue and $0.88 EPS for the last quarter, exceeding analyst expectations.

Ethic Inc. boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,651 shares of the technology company's stock after buying an additional 572 shares during the period. Ethic Inc.'s holdings in CyberArk Software were worth $2,248,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the second quarter worth $30,000. Golden State Wealth Management LLC boosted its stake 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 purchasing an additional 39 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software in the 1st quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CYBR shares. Robert W. Baird restated a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. Zacks Research downgraded shares of CyberArk Software from a "hold" rating to a "strong sell" rating in a research note on Tuesday. KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Rosenblatt Securities downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research note on Friday, August 1st. Finally, BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $448.85.

CyberArk Software Stock Up 1.0%

Shares of NASDAQ CYBR opened at $511.93 on Friday. The firm's 50-day simple moving average is $475.82 and its 200 day simple moving average is $411.81. The company has a market cap of $25.84 billion, a price-to-earnings ratio of -151.91 and a beta of 1.01. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 12-month low of $271.68 and a 12-month high of $514.28.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $328.03 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. On average, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.