MIG Capital LLC Boosts Holdings in CyberArk Software Ltd. $CYBR

Key Points

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MIG Capital LLC lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 130.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,453 shares of the technology company's stock after acquiring an additional 1,390 shares during the period. CyberArk Software accounts for 0.1% of MIG Capital LLC's holdings, making the stock its 27th largest position. MIG Capital LLC's holdings in CyberArk Software were worth $829,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter worth $18,106,000. Mariner LLC boosted its position in CyberArk Software by 2.1% during the fourth quarter. Mariner LLC now owns 5,769 shares of the technology company's stock worth $1,921,000 after acquiring an additional 121 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in CyberArk Software during the 4th quarter valued at about $296,000. NewEdge Advisors LLC raised its holdings in CyberArk Software by 2.7% in the 4th quarter. NewEdge Advisors LLC now owns 7,890 shares of the technology company's stock valued at $2,629,000 after acquiring an additional 204 shares during the last quarter. Finally, GeoWealth Management LLC lifted its stake in CyberArk Software by 264.3% in the 4th quarter. GeoWealth Management LLC now owns 153 shares of the technology company's stock worth $51,000 after purchasing an additional 111 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on CYBR shares. Robert W. Baird restated a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Guggenheim downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target for the company. in a report on Thursday, July 31st. Finally, Wedbush reiterated a "neutral" rating and issued a $450.00 price objective 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, the stock has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Down 0.8%

Shares of NASDAQ CYBR traded down $3.55 during mid-day trading on Thursday, hitting $435.12. The company had a trading volume of 965,187 shares, compared to its average volume of 2,792,365. The business's 50-day simple moving average is $399.42 and its 200 day simple moving average is $373.38. 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 Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. The company has a market capitalization of $21.51 billion, a PE ratio of -129.12 and a beta of 0.96.

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

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.