Picton Mahoney Asset Management Raises Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Picton Mahoney Asset Management increased its stake in CyberArk Software by 43.0%, owning approximately 45,550 shares worth $15.39 million at the end of the recent quarter.
• CyberArk Software's quarterly earnings report showed an earnings per share (EPS) of $0.98, exceeding the expected $0.79, with a revenue of $317.6 million, which is up 43.3% year-over-year.
• Equities analysts have raised their price targets for CyberArk, with Barclays setting a new target of $440.00 and DA Davidson increasing theirs to $465.00, reflecting a consensus rating of "Moderate Buy."

Picton Mahoney Asset Management boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 43.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,550 shares of the technology company's stock after purchasing an additional 13,706 shares during the quarter. Picton Mahoney Asset Management owned approximately 0.09% of CyberArk Software worth $15,394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC grew its position in shares of CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares during the last quarter. Bessemer Group Inc. grew its holdings in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of CyberArk Software in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of 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 valued at $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

NASDAQ CYBR opened at $382.91 on Tuesday. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The firm has a market capitalization of $18.93 billion, a PE ratio of -205.87 and a beta of 1.00. The company's 50 day simple moving average is $387.37 and its 200 day simple moving average is $366.05.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm's revenue for the quarter was up 43.3% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CYBR shares. Barclays lifted their price target on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. DA Davidson lifted their target price on CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Stephens initiated coverage on CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target for the company. Truist Financial reduced their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus price target of $418.75.

CyberArk Software 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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