Oak Ridge Investments LLC Purchases 803 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Oak Ridge Investments LLC increased its stake in CyberArk Software Ltd. by 4.4% during the 2nd quarter, bringing its total holdings to 18,860 shares valued at approximately $7.67 million.
• CyberArk reported a quarterly EPS of $0.88, exceeding expectations, along with a revenue growth of 46% year-over-year, totaling $328.03 million.
• Recent ratings changes from analysts include downgrades from a "strong-buy" to a "hold," with a current consensus target price of $443.38.

Oak Ridge Investments LLC lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,860 shares of the technology company's stock after acquiring an additional 803 shares during the period. Oak Ridge Investments LLC's holdings in CyberArk Software were worth $7,674,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CYBR. Price T Rowe Associates Inc. MD raised its position in shares of CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after acquiring an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock valued at $250,290,000 after buying an additional 335,634 shares in the last quarter. Amundi increased its position in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after buying an additional 331,498 shares in the last quarter. BNP Paribas Financial Markets increased its position in CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock valued at $77,862,000 after buying an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. increased its position in CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after buying an additional 122,423 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of CYBR opened at $493.52 on Friday. The business's fifty day simple moving average is $458.28 and its two-hundred day simple moving average is $400.62. 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 12 month low of $271.68 and a 12 month high of $514.28. The company has a market cap of $24.91 billion, a price-to-earnings ratio of -146.45 and a beta of 1.01.

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 the consensus estimate of $0.79 by $0.09. The business 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 company's revenue was up 46.0% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their price objective for the company from $480.00 to $485.00 in a research report on Thursday, July 31st. JMP Securities reaffirmed a "market perform" rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Stephens lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. BTIG Research lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and a consensus target price of $443.38.

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.

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