Ewa LLC Takes $237,000 Position in CyberArk Software Ltd. $CYBR

Key Points

• Ewa LLC has acquired a new position in CyberArk Software Ltd., purchasing 582 shares for approximately $237,000 during the second quarter.
• Wealth Enhancement Advisory Services and other institutional investors have significantly increased their stakes in CyberArk, contributing to a total institutional ownership of 91.84%.
• CyberArk recently announced quarterly earnings of $0.88 EPS, surpassing estimates, with revenues of $328.03 million marking a 46% year-over-year increase.

Ewa LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 582 shares of the technology company's stock, valued at approximately $237,000.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of CyberArk Software by 50.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,022 shares of the technology company's stock worth $1,007,000 after acquiring an additional 1,007 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of CyberArk Software by 35,202.2% in the first quarter. GAMMA Investing LLC now owns 15,886 shares of the technology company's stock worth $5,369,000 after acquiring an additional 15,841 shares during the period. Rhumbline Advisers boosted its holdings in CyberArk Software by 6.8% during the first quarter. Rhumbline Advisers now owns 16,164 shares of the technology company's stock worth $5,463,000 after buying an additional 1,034 shares in the last quarter. NBC Securities Inc. boosted its holdings in CyberArk Software by 107,300.0% during the first quarter. NBC Securities Inc. now owns 1,074 shares of the technology company's stock worth $363,000 after buying an additional 1,073 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings 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 purchasing an additional 46 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.5%

Shares of CYBR stock opened at $490.17 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a fifty-two week low of $269.00 and a fifty-two week high of $493.85. The stock has a market capitalization of $24.74 billion, a P/E ratio of -145.45 and a beta of 1.01. The company has a 50 day moving average price of $444.86 and a 200 day moving average price of $392.98.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly 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. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same quarter in the previous year, the business posted $0.54 EPS. The firm's revenue was up 46.0% on a year-over-year basis. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. DA Davidson raised their price target on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. Citizens Jmp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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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