GDS Wealth Management Takes $275,000 Position in CyberArk Software Ltd. $CYBR

Key Points

• GDS Wealth Management acquired 814 shares of CyberArk Software Ltd. (NASDAQ:CYBR) valued at approximately $275,000 during the first quarter.
• CyberArk's stock shows a strong institutional interest with 91.84% of the company's shares held by hedge funds and institutional investors.
• Recent analyst ratings indicate a shift, with Baird R W and KeyCorp downgrading their ratings from "strong-buy" to "hold," while Needham & Company raised its price target significantly.

GDS Wealth Management purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 814 shares of the technology company's stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CYBR. Mariner LLC increased its position in CyberArk Software by 2.1% in the fourth quarter. Mariner LLC now owns 5,769 shares of the technology company's stock worth $1,921,000 after buying an additional 121 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in CyberArk Software in the fourth quarter worth about $296,000. GeoWealth Management LLC increased its position in CyberArk Software by 264.3% in the fourth quarter. GeoWealth Management LLC now owns 153 shares of the technology company's stock worth $51,000 after buying an additional 111 shares in the last quarter. Dimensional Fund Advisors LP increased its position in CyberArk Software by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock worth $2,227,000 after buying an additional 53 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of CyberArk Software by 28.2% during the fourth quarter. MetLife Investment Management LLC now owns 5,000 shares of the technology company's stock worth $1,666,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CYBR. KeyCorp cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Barclays increased their target price on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Price Performance

NASDAQ CYBR traded up $6.12 during trading on Friday, hitting $441.24. 704,762 shares of the stock traded hands, compared to its average volume of 2,817,566. The company has a market capitalization of $21.81 billion, a P/E ratio of -130.93 and a beta of 0.96. The firm has a 50-day simple moving average of $400.51 and a 200-day simple moving average of $373.79. 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 $254.43 and a 12-month high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The business 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 firm's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.