Graham Capital Management L.P. Has $2.91 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• Graham Capital Management L.P. reduced its stake in CyberArk Software Ltd. by 24.1%, selling 2,731 shares to own a total of 8,599 shares valued at approximately $2.91 million.
• Significant increases in holdings by other investors, including Whipplewood Advisors LLC and Bessemer Group Inc., showcase growing institutional interest in CyberArk's stock.
• CyberArk Software reported earnings of $0.88 per share for the most recent quarter, exceeding analysts' estimates, with a year-over-year revenue increase of 46% to $328.03 million.

Graham Capital Management L.P. decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 24.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,599 shares of the technology company's stock after selling 2,731 shares during the period. Graham Capital Management L.P.'s holdings in CyberArk Software were worth $2,906,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CYBR. Golden State Wealth Management LLC grew its holdings 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 valued at $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 in the last quarter. Morse Asset Management Inc bought a new position in shares of CyberArk Software in the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $2.55 during trading on Thursday, reaching $458.10. 934,420 shares of the stock were exchanged, compared to its average volume of 936,486. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $462.47. The firm has a market cap of $22.64 billion, a PE ratio of -135.93 and a beta of 1.03. The stock has a 50-day moving average price of $409.68 and a 200-day moving average price of $377.03. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.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 company posted $0.54 earnings per share. The business's revenue was up 46.0% on a year-over-year basis. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. Stifel Nicolaus restated a "hold" rating and issued a $444.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. Barclays raised their price objective on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Wedbush reiterated a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Needham & Company LLC lifted their price target on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, DA Davidson lifted their price target on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Company 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.