Values First Advisors Inc. Makes New Investment in CyberArk Software Ltd. $CYBR

Key Points

• Values First Advisors Inc. has made a new investment in CyberArk Software Ltd. by purchasing 601 shares valued at approximately $244,000 during the 2nd quarter.
• Several institutional investors have increased their stakes in CyberArk, with Bessemer Group Inc. increasing its position by 421.1% in the first quarter.
• Analysts have varying ratings on CyberArk stock, with a consensus rating of "Hold" and a target price averaging $448.85, while earnings for the last quarter beat estimates.

Values First Advisors Inc. purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 601 shares of the technology company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its position in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in CyberArk Software in the second quarter worth about $30,000. Bessemer Group Inc. increased its stake in CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake 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 worth $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Baird R W cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Stifel Nicolaus reissued a "hold" rating and issued a $444.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Needham & Company LLC lifted their price target on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, Barclays reissued an "equal weight" rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $448.85.

CyberArk Software Trading Down 0.5%

NASDAQ:CYBR opened at $486.39 on Friday. 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 Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $514.28. The stock's 50-day moving average is $465.09 and its two-hundred day moving average is $404.45. The stock has a market cap of $24.55 billion, a PE ratio of -144.33 and a beta of 1.01.

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 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 company had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same quarter in the previous year, the business posted $0.54 EPS. The business's revenue for the quarter was up 46.0% on a year-over-year basis. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.

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