MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 9,139 Shares of CyberArk Software Ltd. $CYBR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CyberArk Software Ltd. by 5.7% in Q1, now owning 168,904 shares valued at approximately $57 million.
• Institutional investors have significantly boosted their stakes in CyberArk, with major increases from firms like Price T Rowe Associates Inc. and Invesco Ltd..
• CyberArk reported quarterly earnings of $0.88 per share, exceeding estimates, and its revenue has grown by 46% year-over-year, reaching $328.03 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 168,904 shares of the technology company's stock after purchasing an additional 9,139 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.34% of CyberArk Software worth $57,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in shares of CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after acquiring an additional 29 shares in the last quarter. Prudential PLC lifted its holdings in CyberArk Software by 2.4% in the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock worth $432,000 after buying an additional 30 shares during the period. MAI Capital Management grew its stake in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock worth $932,000 after acquiring an additional 31 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock worth $2,415,000 after purchasing an additional 38 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CyberArk Software stock traded up $4.15 during mid-day trading on Thursday, hitting $473.00. 220,444 shares of the company's stock traded hands, compared to its average volume of 925,240. CyberArk Software Ltd. has a one year low of $266.64 and a one year high of $480.59. The company has a market cap of $23.38 billion, a PE ratio of -140.37 and a beta of 1.03. The firm has a 50 day moving average price of $416.48 and a 200 day moving average price of $379.18. 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 issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating 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 positive return on equity of 0.44% and a negative net margin of 13.78%.The business's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CYBR shares. Rosenblatt Securities cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective on the stock. in a report on Friday, August 1st. 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 report on Thursday, July 31st. BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Oppenheimer restated a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $444.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and an average 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.