R Squared Ltd Acquires Shares of 870 CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• R Squared Ltd has acquired a new stake in CyberArk Software Ltd. worth approximately $294,000 by purchasing 870 shares in the first quarter.
• Other institutional investors also increased their holdings, with Jefferies Financial Group boosting their stake by 210.4% to 6,602 shares valued at $2.23 million.
• Despite positive quarterly earnings results, analysts have mixed ratings on CyberArk, with a consensus rating of "Hold" and an average price target of $433.39.

R Squared Ltd purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 870 shares of the technology company's stock, valued at approximately $294,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of CyberArk Software by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company's stock valued at $24,663,000 after purchasing an additional 662 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in CyberArk Software by 14.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 979 shares of the technology company's stock worth $326,000 after purchasing an additional 127 shares in the last quarter. Geode Capital Management LLC increased its holdings in CyberArk Software by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company's stock worth $130,088,000 after purchasing an additional 19,775 shares in the last quarter. World Investment Advisors bought a new position in CyberArk Software during the 4th quarter worth about $583,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of CyberArk Software in the 4th quarter valued at about $231,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 0.4%

Shares of NASDAQ CYBR traded down $1.81 during trading on Tuesday, hitting $407.19. 541,812 shares of the company traded hands, compared to its average volume of 876,953. The business's fifty day moving average is $391.99 and its 200 day moving average is $368.24. CyberArk Software Ltd. has a fifty-two week low of $240.90 and a fifty-two week high of $452.00. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of -120.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current 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, 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 company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the business posted $0.54 EPS. The firm's revenue was up 46.0% compared to the same quarter last year. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CYBR shares. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Oppenheimer restated a "market perform" rating on shares of CyberArk Software in a research report on Friday. Wedbush downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $450.00 price target for the company. in a research report on Thursday, July 31st. DA Davidson boosted their price objective on shares of CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada cut shares of CyberArk Software from a "moderate buy" rating to a "hold" rating and boosted their target price for the stock from $420.00 to $448.00 in a research note on Thursday, July 31st. Eighteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, CyberArk Software currently has an average rating of "Hold" and an average price target of $435.11.

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.