Perfromance Wealth Partners LLC Has $1.13 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Perfromance Wealth Partners LLC reduced its stake in CyberArk Software by 50.3% to 2,766 shares, valuing the holdings at approximately $1.13 million at the end of the second quarter.
• CyberArk Software reported a positive earnings per share of $0.88 for the last quarter, exceeding analysts' estimates of $0.79, with a revenue of $328.03 million.
• Recent analyst downgrades resulted in a shift from "strong-buy" ratings to "hold" ratings, with an average consensus price target for the stock at $443.38.

Perfromance Wealth Partners LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 50.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,766 shares of the technology company's stock after selling 2,800 shares during the quarter. Perfromance Wealth Partners LLC's holdings in CyberArk Software were worth $1,125,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in CyberArk Software by 1,104.3% during the 1st quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock worth $294,000 after purchasing an additional 773 shares during the last quarter. Yousif Capital Management LLC raised its stake in CyberArk Software by 9.1% during the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after buying an additional 187 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in CyberArk Software during the first quarter worth $524,000. Wealth Enhancement Advisory Services LLC lifted its holdings in CyberArk Software by 14.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,453 shares of the technology company's stock valued at $1,167,000 after buying an additional 431 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in CyberArk Software by 17.1% during the first quarter. Dynamic Advisor Solutions LLC now owns 1,455 shares of the technology company's stock valued at $492,000 after acquiring an additional 212 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Up 2.1%

NASDAQ CYBR opened at $504.02 on Tuesday. 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 Ltd. has a 52 week low of $271.68 and a 52 week high of $514.28. The business has a 50 day moving average price of $460.18 and a 200-day moving average price of $402.21. The company has a market cap of $25.44 billion, a price-to-earnings ratio of -149.56 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for 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%.CyberArk Software's quarterly revenue was up 46.0% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CYBR shares. Stephens lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Stifel Nicolaus reaffirmed a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Wolfe Research lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Finally, BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Hold" and a consensus price target 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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