Price T Rowe Associates Inc. MD lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1,598.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 979,181 shares of the technology company's stock after acquiring an additional 921,523 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.98% of CyberArk Software worth $330,964,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CYBR. Golden State Wealth Management LLC boosted its stake in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of 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 purchased a new stake in shares of CyberArk Software during the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $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.
CyberArk Software Trading Up 1.9%
Shares of CYBR traded up $8.24 during mid-day trading on Wednesday, reaching $446.28. The stock had a trading volume of 881,306 shares, compared to its average volume of 937,820. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $452.00. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of -132.43 and a beta of 0.96. The business's fifty day moving average is $402.45 and its 200 day moving average is $374.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.
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, beating the consensus estimate 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 company 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 business posted $0.54 EPS. CyberArk Software's revenue was up 46.0% on a year-over-year basis. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently weighed in on CYBR. BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. William Blair lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Scotiabank reaffirmed a "sector perform" rating and issued a $448.00 price target (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Finally, Wolfe Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note 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 company. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of "Hold" and an average price target of $435.11.
View Our Latest Stock Analysis on CYBR
About CyberArk Software
(
Free Report)
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.
Recommended Stories
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access