Townsquare Capital LLC Raises Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Townsquare Capital LLC increased its stake in CyberArk Software Ltd. by 77.8%, now owning 32,256 shares worth approximately $10.9 million at the end of the last quarter.
• A variety of institutional investors, including Thoma Bravo L.P. and Congress Asset Management Co., have recently made significant investments in CyberArk Software, with 91.84% of the stock owned by institutional investors.
• CyberArk Software's earnings exceeded expectations, reporting $0.88 EPS and $328.03 million in revenue for the quarter, marking a 46% year-over-year increase.

Townsquare Capital LLC boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 77.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,256 shares of the technology company's stock after acquiring an additional 14,116 shares during the quarter. Townsquare Capital LLC owned 0.07% of CyberArk Software worth $10,903,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thoma Bravo L.P. purchased a new stake in CyberArk Software in the fourth quarter worth about $380,637,000. Congress Asset Management Co. increased its position in CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after buying an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in CyberArk Software in the fourth quarter worth about $72,842,000. Janus Henderson Group PLC increased its position in CyberArk Software by 7,524.4% in the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock worth $56,914,000 after buying an additional 168,471 shares in the last quarter. Finally, Soros Fund Management LLC purchased a new stake in CyberArk Software in the fourth quarter worth about $46,747,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the subject of a number of analyst reports. UBS Group cut CyberArk Software from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Scotiabank reaffirmed a "sector perform" rating and issued a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Guggenheim lowered 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. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Trading Up 0.5%

Shares of NASDAQ:CYBR traded up $2.10 during trading on Monday, hitting $401.86. The company had a trading volume of 1,916,058 shares, compared to its average volume of 2,427,395. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 2,351.53 and a beta of 0.96. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $452.00. The company has a fifty day simple moving average of $394.65 and a two-hundred day simple moving average of $370.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

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 (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 46.0% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, equities analysts forecast 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.