Sequoia Financial Advisors LLC lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 93.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,491 shares of the technology company's stock after acquiring an additional 720 shares during the quarter. Sequoia Financial Advisors LLC's holdings in CyberArk Software were worth $607,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CYBR. Golden State Wealth Management LLC grew its stake in shares of CyberArk Software by 100.0% in the first 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 in the last quarter. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software in the second quarter valued at $30,000. Bessemer Group Inc. grew its position 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 acquiring an additional 80 shares during the period. Morse Asset Management Inc acquired a new position in shares of CyberArk Software during the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased 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 purchasing an additional 85 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on CYBR. Canaccord Genuity Group cut CyberArk Software from a "buy" rating to a "hold" rating and lifted their price target for the stock from $440.00 to $502.00 in a report on Wednesday, October 15th. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research note on Thursday, July 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Stifel Nicolaus reaffirmed a "hold" rating and set a $444.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Finally, BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. Based on data from MarketBeat, CyberArk Software currently has an average rating of "Hold" and an average target price of $448.85.
Read Our Latest Stock Report on CyberArk Software
CyberArk Software Stock Performance
CYBR opened at $490.95 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The business has a fifty day simple moving average of $466.92 and a 200 day simple moving average of $406.39. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $514.28. The company has a market capitalization of $24.78 billion, a PE ratio of -145.68 and a beta of 1.01.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million for 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 company's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.
CyberArk Software Profile
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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.
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