CyberArk Software Ltd. $CYBR Shares Purchased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its stake in CyberArk Software by 41.9% during the first quarter, now owning 2,578 shares valued at approximately $871,000.
• This quarter, CyberArk Software reported $0.88 earnings per share, exceeding expectations, with revenue increasing by 46.0% year-over-year to $328.03 million.
• As of now, 91.84% of CyberArk Software’s stock is owned by institutional investors, highlighting significant institutional interest in the company.

Kestra Advisory Services LLC boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 41.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,578 shares of the technology company's stock after purchasing an additional 761 shares during the period. Kestra Advisory Services LLC's holdings in CyberArk Software were worth $871,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CYBR. Dimensional Fund Advisors LP increased its holdings in CyberArk Software by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock valued at $2,227,000 after purchasing an additional 53 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in CyberArk Software in the 4th quarter valued at approximately $152,000. Northern Trust Corp increased its holdings in CyberArk Software by 63.1% in the 4th quarter. Northern Trust Corp now owns 219,964 shares of the technology company's stock valued at $73,281,000 after purchasing an additional 85,062 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in CyberArk Software by 221.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,081 shares of the technology company's stock valued at $1,027,000 after purchasing an additional 2,122 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in CyberArk Software in the 4th quarter valued at approximately $2,480,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Up 1.0%

Shares of CyberArk Software stock traded up $4.67 during trading on Friday, hitting $462.77. 666,662 shares of the stock were exchanged, compared to its average volume of 1,048,381. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of -137.32 and a beta of 1.03. The firm's 50-day moving average price is $412.06 and its 200 day moving average price is $377.32. CyberArk Software Ltd. has a 12-month low of $254.43 and a 12-month high of $466.66. 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 data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million during 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 revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of several recent research reports. Piper Sandler reissued a "neutral" rating and issued a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. William Blair cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. 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. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, CyberArk Software has a consensus rating of "Hold" and a consensus 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.