Russell Investments Group Ltd. Acquires 1,432 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Russell Investments Group Ltd. increased its stake in CyberArk Software by 4.9%, acquiring an additional 1,432 shares, bringing its total ownership to approximately 30,883 shares valued at $10.44 million.
• Other institutional investors have made significant moves, with Thoma Bravo L.P. purchasing a new position valued at about $380.6 million, while Invesco Ltd. increased its stake by 12.2%, owning 1,129,894 shares valued at $381.9 million.
• CyberArk Software reported an EPS of $0.88 for the quarter, beating estimates, and a revenue increase of 46.0% year-over-year, amounting to $328.03 million, compared to the consensus estimate of $315.43 million.

Russell Investments Group Ltd. lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,883 shares of the technology company's stock after acquiring an additional 1,432 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of CyberArk Software worth $10,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its stake 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 valued at $26,000 after buying an additional 39 shares during the period. Whipplewood Advisors LLC grew its stake in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the period. Bessemer Group Inc. grew its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software in the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew 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 buying an additional 85 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $3.55 during mid-day trading on Thursday, reaching $435.12. The company had a trading volume of 965,187 shares, compared to its average volume of 2,792,365. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of -129.12 and a beta of 0.96. The company's 50-day moving average price is $399.42 and its 200-day moving average price is $373.38. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 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 negative net margin of 13.78% and a positive return on equity of 0.44%. CyberArk Software's revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Robert W. Baird restated a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. William Blair downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Wedbush restated a "neutral" rating and issued a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Piper Sandler reiterated a "neutral" rating and set a $448.00 price target (up previously from $440.00) on shares of CyberArk Software 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 target 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $435.11.

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.