Nepsis Inc. Has $15.15 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Nepsis Inc. lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 92.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,817 shares of the technology company's stock after selling 517,510 shares during the quarter. CyberArk Software comprises approximately 3.7% of Nepsis Inc.'s investment portfolio, making the stock its 15th biggest holding. Nepsis Inc. owned 0.09% of CyberArk Software worth $15,148,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CYBR. Yousif Capital Management LLC grew its position in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after buying an additional 187 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of CyberArk Software by 1,104.3% in the 1st 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 period. Portside Wealth Group LLC boosted its holdings in shares of CyberArk Software by 69.8% in the first quarter. Portside Wealth Group LLC now owns 2,084 shares of the technology company's stock valued at $704,000 after acquiring an additional 857 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of CyberArk Software by 304.2% during the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after acquiring an additional 250,441 shares during the period. Finally, Clare Market Investments LLC bought a new stake in CyberArk Software during the first quarter worth approximately $203,000. Institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Canaccord Genuity Group upped their price objective on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a report on Friday, February 14th. JMP Securities upped their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Wall Street Zen downgraded CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Stifel Nicolaus increased their price target on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Price Performance

CYBR stock traded down $0.48 during midday trading on Wednesday, reaching $395.59. The company had a trading volume of 482,127 shares, compared to its average volume of 554,391. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $421.00. The stock has a 50 day moving average price of $356.34 and a 200-day moving average price of $350.76. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of -202.87 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period last year, the firm earned $0.75 EPS. The business's quarterly revenue was up 43.3% compared to the same quarter last year. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software 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.