Groupama Asset Managment Increases Stake in CyberArk Software Ltd. $CYBR

Key Points

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Groupama Asset Managment lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,145 shares of the technology company's stock after acquiring an additional 34,249 shares during the period. Groupama Asset Managment owned approximately 0.34% of CyberArk Software worth $56,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. Golden State Wealth Management LLC lifted its position in shares of CyberArk Software by 100.0% during 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. Mirae Asset Global Investments Co. Ltd. boosted its stake in CyberArk Software by 17.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after acquiring an additional 280 shares in the last quarter. Blue Trust Inc. boosted its stake in CyberArk Software by 5.9% during the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after acquiring an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CYBR shares. DA Davidson raised their target price on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler reissued a "neutral" rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Needham & Company LLC boosted their price objective on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Wedbush reissued a "neutral" rating and issued a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Stock Down 0.8%

Shares of NASDAQ CYBR traded down $3.55 during trading on Thursday, hitting $435.12. The stock had a trading volume of 965,187 shares, compared to its average volume of 2,792,365. The firm has a fifty day moving average of $399.42 and a two-hundred day moving average of $373.38. The company has a market capitalization of $21.51 billion, a PE ratio of -129.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. 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 posted its earnings results 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 firm had revenue of $328.03 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.