Signal Advisors Wealth LLC Buys New Shares in CyberArk Software Ltd. $CYBR

Key Points

• Signal Advisors Wealth LLC invested approximately $1.58 million in CyberArk Software Ltd. during the second quarter, acquiring 3,893 shares of the company.
• CyberArk reported a 46% year-over-year revenue increase for the last quarter, earning $0.88 per share, which beat analyst estimates.
• Recent analyst actions include lowering CyberArk's rating from "strong-buy" to "hold" by several firms, with a consensus target price of $435.11.

Signal Advisors Wealth LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,893 shares of the technology company's stock, valued at approximately $1,584,000.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of CyberArk Software by 12.2% during the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after purchasing an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock valued at $330,964,000 after acquiring an additional 921,523 shares during the period. Voya Investment Management LLC boosted its position in CyberArk Software by 0.7% in the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company's stock valued at $300,448,000 after buying an additional 6,314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock valued at $250,290,000 after buying an additional 335,634 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock worth $228,161,000 after purchasing an additional 106,435 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of several recent analyst reports. Rosenblatt Securities lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research note on Friday, August 1st. Needham & Company LLC raised their price target on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wedbush reiterated a "neutral" rating and issued a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and upped their target price for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a research note on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Up 0.1%

Shares of CYBR stock traded up $0.46 during mid-day trading on Monday, reaching $491.10. 438,044 shares of the company were exchanged, compared to its average volume of 800,170. The business's 50 day simple moving average is $430.67 and its 200 day simple moving average is $386.37. CyberArk Software Ltd. has a fifty-two week low of $269.00 and a fifty-two week high of $493.85. The company has a market capitalization of $24.28 billion, a P/E ratio of -145.73 and a beta of 1.03. 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 issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. Research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.