Peak Financial Advisors LLC Makes New $487,000 Investment in CyberArk Software Ltd. $CYBR

Key Points

• Peak Financial Advisors LLC made a new investment of approximately $487,000 in CyberArk Software, acquiring 1,197 shares of the company in the 2nd quarter.
• CyberArk Software reported $0.88 earnings per share for its recent quarter, exceeding analysts' expectations, with a revenue of $328.03 million.
• Analysts have set new price targets for CyberArk, with Royal Bank of Canada and Piper Sandler both issuing target prices of $448.00, reflecting a positive outlook on the stock.

Peak Financial Advisors LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,197 shares of the technology company's stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CYBR. Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares in the last quarter. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new stake in CyberArk Software in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Down 1.0%

CYBR opened at $466.30 on Friday. CyberArk Software Ltd. has a fifty-two week low of $266.64 and a fifty-two week high of $480.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of -138.37 and a beta of 1.03. The company's 50 day moving average price is $419.28 and its two-hundred day moving average price is $380.62.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period in the previous year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on CYBR shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Wedbush reissued a "neutral" rating and issued a $450.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Piper Sandler reissued a "neutral" rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Finally, Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $435.11.

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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