United Services Automobile Association Takes $530,000 Position in CyberArk Software Ltd. $CYBR

Key Points

• United Services Automobile Association has acquired a new stake in CyberArk Software Ltd. valued at approximately $530,000, purchasing 1,578 shares during the first quarter.
• Institutional investors hold a significant portion of CyberArk, with 91.84% of the company's stock owned by hedge funds and institutional investors.
• CyberArk Software reported a 46% increase in quarterly revenue year-over-year, achieving $328.03 million, and surpassed analyst earnings expectations with $0.88 EPS.

United Services Automobile Association purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,578 shares of the technology company's stock, valued at approximately $530,000.

Other institutional investors have also added to or reduced their stakes in the company. PointState Capital LP bought a new stake in CyberArk Software in the first quarter worth $9,784,000. Nissay Asset Management Corp Japan ADV increased its position in CyberArk Software by 8.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 5,663 shares of the technology company's stock valued at $1,914,000 after acquiring an additional 460 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CyberArk Software by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 168,904 shares of the technology company's stock valued at $57,086,000 after acquiring an additional 9,139 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of CyberArk Software by 9.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,155 shares of the technology company's stock worth $3,094,000 after acquiring an additional 828 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of CyberArk Software by 538.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,929 shares of the technology company's stock worth $652,000 after purchasing an additional 1,627 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 1.0%

CYBR traded down $4.89 during mid-day trading on Friday, hitting $466.30. 639,038 shares of the stock were exchanged, compared to its average volume of 898,057. The company has a market cap of $23.05 billion, a PE ratio of -138.37 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 firm's fifty day moving average is $419.28 and its two-hundred day moving average is $380.62. CyberArk Software Ltd. has a 1-year low of $266.64 and a 1-year high of $480.59.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results 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. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm's quarterly revenue was up 46.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CYBR. BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. DA Davidson upped their target price on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and set a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Guggenheim cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target for the company. in a research report on Thursday, July 31st. Finally, Piper Sandler reiterated a "neutral" rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Company 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.