Knights of Columbus Asset Advisors LLC Invests $2 Million in CyberArk Software Ltd. $CYBR

Key Points

• Knights of Columbus Asset Advisors LLC invested $2 million in CyberArk Software Ltd., acquiring approximately 4,926 shares in the second quarter.
• CyberArk Software reported a quarterly revenue of $328.03 million, surpassing analyst estimates and achieving a 46% year-over-year growth.
• Analysts have mixed views on CyberArk's stock, with some lowering their ratings while others maintain a buy rating, pointing to a consensus price target of $439.00.

Knights of Columbus Asset Advisors LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,926 shares of the technology company's stock, valued at approximately $2,004,000.

A number of other hedge funds have also modified their holdings of CYBR. Wealth Enhancement Advisory Services LLC increased its stake in shares of CyberArk Software by 50.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,022 shares of the technology company's stock worth $1,007,000 after purchasing an additional 1,007 shares in the last quarter. GAMMA Investing LLC boosted its position in CyberArk Software by 35,202.2% during the first quarter. GAMMA Investing LLC now owns 15,886 shares of the technology company's stock worth $5,369,000 after acquiring an additional 15,841 shares during the last quarter. Rhumbline Advisers boosted its position in CyberArk Software by 6.8% during the first quarter. Rhumbline Advisers now owns 16,164 shares of the technology company's stock worth $5,463,000 after acquiring an additional 1,034 shares during the last quarter. Portside Wealth Group LLC boosted its position in CyberArk Software by 69.8% during the first quarter. Portside Wealth Group LLC now owns 2,084 shares of the technology company's stock worth $704,000 after acquiring an additional 857 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in CyberArk Software by 1,104.3% during the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock worth $294,000 after acquiring an additional 773 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 2.6%

Shares of CYBR opened at $503.07 on Tuesday. The firm has a market cap of $25.39 billion, a PE ratio of -149.28 and a beta of 1.01. The company's fifty day moving average is $451.89 and its two-hundred day moving average is $396.73. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $505.18. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 negative net margin of 13.78% and a positive return on equity of 0.44%. The business's quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of analyst reports. Rosenblatt Securities lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Citizens Jmp lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. JMP Securities restated a "market perform" rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Finally, Needham & Company LLC lifted their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $439.00.

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.

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