Optas LLC Takes Position in CyberArk Software Ltd. $CYBR

Optas LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 538 shares of the technology company's stock, valued at approximately $219,000.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in CyberArk Software during the second quarter valued at $30,000. Golden State Wealth Management LLC grew its stake in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares in the last quarter. Bessemer Group Inc. grew its stake in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software during the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CYBR shares. Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Piper Sandler reaffirmed a "neutral" rating and set a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Scotiabank reaffirmed a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. JMP Securities reissued a "market perform" rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, Rosenblatt Securities cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective for the company. in a research note on Friday, August 1st. Twelve investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $443.38.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $493.52 on Friday. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $514.28. The stock has a market capitalization of $24.91 billion, a P/E ratio of -146.45 and a beta of 1.01. The firm has a fifty day simple moving average of $458.28 and a two-hundred day simple moving average of $400.26. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

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, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business's revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. On average, analysts expect 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.

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