Geneos Wealth Management Inc. Has $5.78 Million Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• Geneos Wealth Management Inc. increased its stake in CyberArk Software Ltd. by 47.7%, owning 17,094 shares now valued at approximately $5.78 million.
• CyberArk Software reported a 46% increase in quarterly revenue year-over-year, posting $328.03 million and exceeding analysts' expectations.
• The stock has faced mixed ratings from analysts, with 14 recommending a Buy and 17 a Hold, as the average price target is $435.11.

Geneos Wealth Management Inc. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 47.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,094 shares of the technology company's stock after purchasing an additional 5,518 shares during the period. Geneos Wealth Management Inc.'s holdings in CyberArk Software were worth $5,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its stake in 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 acquiring an additional 39 shares during the period. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares during the period. Bessemer Group Inc. raised its stake in 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 acquiring an additional 80 shares during the period. Morse Asset Management Inc bought a new stake in CyberArk Software in the 1st quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in 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 buying an additional 85 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Down 1.0%

Shares of NASDAQ:CYBR traded down $4.89 during midday trading on Friday, hitting $466.30. 639,038 shares of the stock were exchanged, compared to its average volume of 898,057. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of -138.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The business's 50-day moving average price is $419.28 and its 200 day moving average price is $380.62. CyberArk Software Ltd. has a 12 month low of $266.64 and a 12 month high of $480.59.

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, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million for 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 business'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 earnings per share. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CYBR shares. William Blair cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Barclays increased their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Robert W. Baird reissued a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. UBS Group lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Wedbush reissued a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $435.11.

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.