Legal Advantage Investments Inc. Buys 800 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Legal Advantage Investments Inc. increased its stake in CyberArk Software by 40%, now holding a total of 2,800 shares valued at approximately $1.14 million.
• Institutional investors own 91.84% of CyberArk Software's stock, with several firms significantly increasing their holdings in the recent quarter.
• CyberArk Software reported a 46% increase in revenue year-over-year, achieving $328.03 million in revenue and an EPS of $0.88 for the last quarter.

Legal Advantage Investments Inc. grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 40.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the technology company's stock after buying an additional 800 shares during the period. Legal Advantage Investments Inc.'s holdings in CyberArk Software were worth $1,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. Price T Rowe Associates Inc. MD lifted its position in shares of CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after buying an additional 921,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CyberArk Software by 82.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock worth $250,290,000 after buying an additional 335,634 shares during the last quarter. Amundi lifted its position in shares of CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company's stock worth $179,547,000 after buying an additional 331,498 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock worth $77,862,000 after buying an additional 194,651 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock worth $381,904,000 after buying an additional 122,423 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Down 2.9%

CyberArk Software stock opened at $493.52 on Friday. The business has a 50 day moving average price of $458.28 and a two-hundred day moving average price of $400.62. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock has a market cap of $24.91 billion, a price-to-earnings ratio of -146.45 and a beta of 1.01. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $514.28.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company's revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CYBR shares. Piper Sandler reaffirmed 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. Scotiabank reissued a "sector perform" rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. JMP Securities reissued a "market perform" rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Barclays boosted their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $443.38.

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.

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