Founders Grove Wealth Partners LLC Makes New Investment in CyberArk Software Ltd. $CYBR

Key Points

• Founders Grove Wealth Partners LLC has acquired a new position in CyberArk Software Ltd. by purchasing 510 shares valued at approximately $208,000.
• Invesco Ltd. and Price T Rowe Associates Inc. have significantly increased their holdings in CyberArk Software, indicating strong institutional interest in the company.
• CyberArk Software reported an EPS of $0.88, exceeding analysts' estimates, with a 46% year-over-year revenue growth.

Founders Grove Wealth Partners LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 510 shares of the technology company's stock, valued at approximately $208,000.

A number of other large investors have also bought and sold shares of the stock. Invesco Ltd. grew its holdings in CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock worth $381,904,000 after purchasing an additional 122,423 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after purchasing an additional 921,523 shares during the period. Voya Investment Management LLC grew its holdings in shares of CyberArk Software by 0.7% during the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company's stock valued at $300,448,000 after buying an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock valued at $250,290,000 after buying an additional 335,634 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock valued at $228,161,000 after buying an additional 106,435 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $504.02 on Tuesday. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of -149.56 and a beta of 1.01. 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 52 week low of $271.68 and a 52 week high of $514.28. The firm's 50-day simple moving average is $460.18 and its two-hundred day simple moving average is $402.21.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company's revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. William Blair cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Robert W. Baird reiterated a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Barclays lifted their price objective on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and an average price target of $443.38.

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.

Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBR - Free Report).

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.