Nuveen LLC Makes New Investment in CyberArk Software Ltd. $CYBR

Key Points

• Nuveen LLC has acquired a new stake in CyberArk Software Ltd. worth approximately $41.2 million, amounting to 122,025 shares in the first quarter of this year.
• Institutional ownership of CyberArk Software is significant, with 91.84% of its stock held by institutional investors and hedge funds.
• CyberArk Software reported a 46% year-over-year increase in revenue, with earnings per share of $0.88 for the most recent quarter, surpassing analysts' expectations.

Nuveen LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 122,025 shares of the technology company's stock, valued at approximately $41,244,000. Nuveen LLC owned approximately 0.25% of CyberArk Software as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its stake in shares of CyberArk Software by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after purchasing an additional 29 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in CyberArk Software by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after buying an additional 38 shares during the period. Golden State Wealth Management LLC raised its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. Assetmark Inc. raised its holdings in CyberArk Software by 13.9% in the first quarter. Assetmark Inc. now owns 327 shares of the technology company's stock valued at $111,000 after buying an additional 40 shares during the period. Finally, Whipplewood Advisors LLC raised its stake in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after purchasing an additional 46 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CYBR has been the topic of a number of analyst reports. Roth Capital started coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Piper Sandler reissued a "neutral" rating and set a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, DA Davidson upped their price objective on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a 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, CyberArk Software presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software Stock Down 0.8%

Shares of CYBR traded down $3.55 during trading hours on Thursday, reaching $435.12. The company's stock had a trading volume of 965,187 shares, compared to its average volume of 2,792,365. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of -129.12 and a beta of 0.96. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. 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 50 day moving average of $399.42 and a two-hundred day moving average of $373.38.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced 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 business 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 firm's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.