Strs Ohio Buys New Shares in CyberArk Software Ltd. $CYBR

Key Points

• Strs Ohio has made a significant investment of approximately $31.96 million in CyberArk Software Ltd. by acquiring 94,548 shares, marking their first quarter acquisition.
• CyberArk reported a 46% year-over-year growth in revenue, with quarterly earnings beating analysts' expectations, posting $0.88 EPS against a consensus estimate of $0.79.
• Institutional investors own 91.84% of CyberArk's stock, with multiple hedge funds increasing their stakes significantly during the same reporting period.

Strs Ohio acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 94,548 shares of the technology company's stock, valued at approximately $31,957,000. Strs Ohio owned 0.19% of CyberArk Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its position in 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 in the last quarter. Whipplewood Advisors LLC increased 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 valued at $27,000 after buying an additional 46 shares in the last quarter. Bessemer Group Inc. increased 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 valued at $33,000 after buying an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in CyberArk Software in the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased 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 valued at $37,000 after buying an additional 85 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research analyst reports. Piper Sandler reaffirmed a "neutral" rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Stephens lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Baird R W lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wolfe Research lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, DA Davidson boosted their price objective on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Performance

Shares of CYBR stock traded up $0.72 during trading on Wednesday, hitting $476.66. The company's stock had a trading volume of 683,272 shares, compared to its average volume of 930,371. The company has a market cap of $23.56 billion, a PE ratio of -141.56 and a beta of 1.03. 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 business has a fifty day moving average of $422.38 and a 200-day moving average of $382.26. CyberArk Software Ltd. has a 52 week low of $267.18 and a 52 week high of $482.76.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. CyberArk Software's revenue for the quarter was up 46.0% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software 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.