Keystone Investors PTE Ltd. Makes New $688,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Keystone Investors PTE Ltd. has acquired a new position in CyberArk Software, purchasing 2,035 shares valued at approximately $688,000.
• Several hedge funds have recently increased their stakes in CyberArk Software, with Bessemer Group Inc. raising its position by 421.1%.
• CyberArk Software reported an earnings per share of $0.88 for the quarter, exceeding analyst expectations, with a year-over-year revenue increase of 46%.

Keystone Investors PTE Ltd. purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,035 shares of the technology company's stock, valued at approximately $688,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thoma Bravo L.P. bought a new position in shares of CyberArk Software in the fourth quarter valued at about $380,637,000. Congress Asset Management Co. raised its position in shares of CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after purchasing an additional 250,441 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of CyberArk Software in the fourth quarter valued at about $72,842,000. Janus Henderson Group PLC raised its position in shares of CyberArk Software by 7,524.4% in the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after purchasing an additional 168,471 shares during the period. Finally, Soros Fund Management LLC bought a new position in shares of CyberArk Software in the fourth quarter valued at about $46,747,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Down 0.7%

NASDAQ CYBR traded down $2.86 during mid-day trading on Friday, hitting $399.76. The company's stock had a trading volume of 1,913,309 shares, compared to its average volume of 2,390,979. The company's 50 day simple moving average is $394.49 and its 200 day simple moving average is $369.93. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve month high of $452.00. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $19.76 billion, a price-to-earnings ratio of -118.62 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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. The firm had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. Analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CYBR shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, July 22nd. Stephens downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Royal Bank Of Canada restated a "sector perform" rating and issued a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Roth Capital began coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target on the stock. Finally, Guggenheim downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective on the stock. in a research note on Thursday, July 31st. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $435.11.

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.