Oak Ridge Investments LLC Has $6.10 Million Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• Oak Ridge Investments LLC increased its stake in CyberArk Software Ltd. by 14.6%, acquiring 2,301 additional shares to total 18,057 shares valued at approximately $6.1 million.
• CyberArk Software reported $0.88 EPS for the last quarter, exceeding expectations, with revenues of $328.03 million, a 46% increase year-over-year.
• Analysts have mixed ratings; while Needham raised the price target to $551.00, others like Wolfe Research downgraded their rating, indicating a consensus average target price of $435.11.

Oak Ridge Investments LLC increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,057 shares of the technology company's stock after acquiring an additional 2,301 shares during the period. Oak Ridge Investments LLC's holdings in CyberArk Software were worth $6,103,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Thoma Bravo L.P. purchased a new stake in CyberArk Software in the 4th quarter worth about $380,637,000. Invesco Ltd. increased its position in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock worth $381,904,000 after purchasing an additional 122,423 shares during the last quarter. First Trust Advisors LP increased its position in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after purchasing an additional 20,832 shares during the last quarter. JPMorgan Chase & Co. increased its position in CyberArk Software by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock worth $228,161,000 after purchasing an additional 106,435 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its position in CyberArk Software by 31.5% in the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after purchasing an additional 114,622 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CYBR shares. Wolfe Research lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Needham & Company LLC upped their target price on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Rosenblatt Securities lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Performance

CYBR traded up $12.5910 during midday trading on Tuesday, reaching $433.6910. The company's stock had a trading volume of 1,831,595 shares, compared to its average volume of 931,866. The stock has a market cap of $21.44 billion, a P/E ratio of -128.77 and a beta of 0.96. The company has a fifty day simple moving average of $396.99 and a 200 day simple moving average of $372.08. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve month high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (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 analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company's revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Research analysts expect 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.