Intrust Bank NA Makes New $253,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Intrust Bank NA acquired a new stake in CyberArk Software Ltd. during the 1st quarter, purchasing 748 shares valued at approximately $253,000.
• CyberArk recently reported quarterly earnings of $0.88 earnings per share, exceeding the consensus estimate and showing a 46% year-over-year revenue increase.
• Research analysts have downgraded CyberArk's stock rating from "strong-buy" to "hold" with an average price target of $435.11, reflecting a cautious outlook amid increasing scrutiny.

Intrust Bank NA purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 748 shares of the technology company's stock, valued at approximately $253,000.

Several other large investors have also recently made changes to their positions in CYBR. Golden State Wealth Management LLC lifted 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 valued at $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC grew its stake in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares during the last quarter. Bessemer Group Inc. grew its stake in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software during the 1st quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake 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 last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

CYBR stock traded up $16.01 on Tuesday, reaching $417.87. The company's stock had a trading volume of 631,367 shares, compared to its average volume of 918,290. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $452.00. The company has a market capitalization of $20.66 billion, a P/E ratio of -123.89 and a beta of 0.96. The firm has a fifty day moving average of $394.65 and a two-hundred day moving average of $370.30. 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 (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period last year, the company posted $0.54 EPS. The firm's quarterly revenue was up 46.0% on a year-over-year basis. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CYBR. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. BTIG Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Rosenblatt Securities downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target on the stock. in a research note on Friday, August 1st. Eighteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.