CyberArk Software Ltd. $CYBR Shares Bought by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its holdings in CyberArk Software Ltd. by 6.8% in Q1, acquiring an additional 1,034 shares, bringing their total to 16,164 shares valued at approximately $5.46 million.
• Several institutional investors, including Bessemer Group Inc. and Golden State Wealth Management LLC, have also significantly increased their stakes in CyberArk during the first quarter, reflecting strong interest in the company.
• CyberArk reported $0.88 EPS in its latest earnings, exceeding analysts' estimates, with a revenue of $328 million, a 46% increase year-over-year.

Rhumbline Advisers lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,164 shares of the technology company's stock after purchasing an additional 1,034 shares during the period. Rhumbline Advisers' holdings in CyberArk Software were worth $5,463,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CYBR. Golden State Wealth Management LLC raised its position in shares of 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 during the last quarter. Whipplewood Advisors LLC raised its position 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 buying an additional 46 shares during the last quarter. Bessemer Group Inc. raised its position 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 buying an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position 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 buying an additional 85 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $5.80 on Thursday, reaching $485.95. The company's stock had a trading volume of 547,860 shares, compared to its average volume of 801,227. The company has a market capitalization of $24.02 billion, a P/E ratio of -144.20 and a beta of 1.03. CyberArk Software Ltd. has a 52-week low of $269.00 and a 52-week high of $488.63. The stock has a 50-day moving average price of $426.07 and a 200-day moving average price of $383.85. 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 (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million during 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%.The business's revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. DA Davidson boosted their target price on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Piper Sandler restated a "neutral" rating and set a $448.00 price target (up from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. William Blair downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. UBS Group downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and boosted their price objective for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Finally, Rosenblatt Securities downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective for the company. in a research note on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat, CyberArk Software currently has an average rating of "Hold" and an average target price 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.