MYDA Advisors LLC Acquires 1,520 Shares of CyberArk Software Ltd. $CYBR

Key Points

• MYDA Advisors LLC increased its stake in CyberArk Software Ltd. by 12.1% during the first quarter, holding shares worth approximately $4.77 million.
• CyberArk Software reported a quarterly revenue of $328.03 million, surpassing analyst estimates, and achieved earnings per share of $0.88, beating expectations by $0.09.
• Institutional investors own 91.84% of CyberArk Software's stock, reflecting strong confidence in the company's growth potential.

MYDA Advisors LLC grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,103 shares of the technology company's stock after buying an additional 1,520 shares during the period. CyberArk Software accounts for approximately 0.8% of MYDA Advisors LLC's holdings, making the stock its 20th biggest holding. MYDA Advisors LLC's holdings in CyberArk Software were worth $4,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CYBR. BNP Paribas Financial Markets grew its stake in 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 purchasing an additional 194,651 shares in the last quarter. Corebridge Financial Inc. raised its stake in CyberArk Software by 4.0% during the first quarter. Corebridge Financial Inc. now owns 7,505 shares of the technology company's stock worth $2,537,000 after acquiring an additional 290 shares during the period. Mirova raised its stake in CyberArk Software by 5.7% during the first quarter. Mirova now owns 9,239 shares of the technology company's stock worth $3,123,000 after acquiring an additional 500 shares during the period. SVB Wealth LLC acquired a new stake in CyberArk Software during the first quarter worth about $134,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in CyberArk Software by 244.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 22,143 shares of the technology company's stock worth $7,484,000 after acquiring an additional 15,717 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several research reports. Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Royal Bank Of Canada restated a "sector perform" rating and issued a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. William Blair cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Guggenheim cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, CyberArk Software currently has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Up 0.0%

Shares of CYBR traded up $0.09 during mid-day trading on Friday, reaching $453.26. The company's stock had a trading volume of 705,902 shares, compared to its average volume of 1,549,911. CyberArk Software Ltd. has a 1 year low of $254.43 and a 1 year high of $457.07. 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 company has a market cap of $22.40 billion, a price-to-earnings ratio of -134.50 and a beta of 0.96. The business has a fifty day moving average of $406.31 and a 200 day moving average of $375.94.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million during 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 firm's revenue was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.