George Kaiser Family Foundation Trims Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• The George Kaiser Family Foundation has reduced its stake in CyberArk Software Ltd. by 31.2%, now holding 8,554 shares worth approximately $2.89 million.
• CyberArk Software reported earnings of $0.88 per share, exceeding consensus estimates, with revenue of $328.03 million for the quarter, a 46% increase year-over-year.
• Major institutional investments in CyberArk have increased, with firms like Thoma Bravo L.P. and Janus Henderson Group PLC significantly expanding their holdings in the company.

George Kaiser Family Foundation lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 31.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,554 shares of the technology company's stock after selling 3,878 shares during the quarter. CyberArk Software accounts for 0.4% of George Kaiser Family Foundation's portfolio, making the stock its 13th largest position. George Kaiser Family Foundation's holdings in CyberArk Software were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its position in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the last quarter. Bessemer Group Inc. boosted its position in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software in the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of CyberArk Software by 340.0% in the first 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 last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CYBR. BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Wedbush reiterated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a research report on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Price Performance

CYBR stock traded down $3.56 during mid-day trading on Thursday, hitting $435.12. The company had a trading volume of 965,165 shares, compared to its average volume of 942,623. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.51 billion, a price-to-earnings ratio of -129.12 and a beta of 0.96. CyberArk Software Ltd. has a 12-month low of $254.43 and a 12-month high of $452.00. The company has a 50-day moving average price of $398.56 and a 200 day moving average price of $372.95.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.