Jefferies Financial Group Inc. Buys 4,475 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Jefferies Financial Group Inc. significantly increased its stake in CyberArk Software by 210.4%, acquiring an additional 4,475 shares during the first quarter, bringing its total holdings to approximately $2.23 million.
• Analysts have mixed views on CyberArk Software, with 17 maintaining a "hold" rating and 15 issuing a "buy" rating, while the consensus target price stands at $433.39.
• CyberArk's recent quarterly earnings showed an EPS of $0.88, exceeding expectations and reflecting a 46% year-over-year revenue growth to $328.03 million.

Jefferies Financial Group Inc. raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 210.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,602 shares of the technology company's stock after buying an additional 4,475 shares during the period. Jefferies Financial Group Inc.'s holdings in CyberArk Software were worth $2,231,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CYBR. Venturi Wealth Management LLC increased its stake in shares of CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after purchasing an additional 29 shares during the period. CenterBook Partners LP increased its stake in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after purchasing an additional 38 shares during the period. Golden State Wealth Management LLC increased its stake in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares during the period. Assetmark Inc. increased its stake in shares of CyberArk Software by 13.9% in the first quarter. Assetmark Inc. now owns 327 shares of the technology company's stock worth $111,000 after purchasing an additional 40 shares during the period. Finally, Whipplewood Advisors LLC increased its stake in shares of 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 period. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Oppenheimer restated a "market perform" rating on shares of CyberArk Software in a research note on Friday. Barclays boosted their price target on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. UBS Group lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and boosted their price target for the company from $480.00 to $485.00 in a research note on Thursday. Finally, Wedbush lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $450.00 price target on the stock. in a research note on Thursday. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $433.39.

CyberArk Software Stock Up 0.6%

NASDAQ CYBR opened at $414.00 on Monday. The firm has a market cap of $20.46 billion, a PE ratio of -122.85 and a beta of 0.96. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $452.00. The stock's 50 day simple moving average is $391.99 and its 200 day simple moving average is $368.24. 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 released its quarterly 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 business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. CyberArk Software's revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.

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