Vident Advisory LLC Has $45.05 Million Position in CyberArk Software Ltd. $CYBR

Key Points

• Vident Advisory LLC increased its stake in CyberArk Software by 145.6%, making it the company's 29th largest position with an investment valued at approximately $45 million.
• CyberArk Software saw significant interest from institutional investors, with 91.84% of its stock being owned by hedge funds and other institutions.
• According to analysts, CyberArk Software has a consensus rating of "Hold" with an average price target of $435.11, despite varied upgrades and downgrades in recent research reports.

Vident Advisory LLC lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 145.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,296 shares of the technology company's stock after acquiring an additional 79,030 shares during the quarter. CyberArk Software accounts for about 0.7% of Vident Advisory LLC's investment portfolio, making the stock its 29th biggest position. Vident Advisory LLC owned approximately 0.27% of CyberArk Software worth $45,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CYBR. Golden State Wealth Management LLC increased its holdings 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 valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 buying an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new position in CyberArk Software in the 1st quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings 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 buying an additional 85 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

CYBR traded up $1.62 during midday trading on Wednesday, reaching $454.79. 347,327 shares of the company's stock were exchanged, compared to its average volume of 934,567. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of -135.08 and a beta of 1.03. The business has a 50-day simple moving average of $408.55 and a two-hundred day simple moving average of $376.49. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $457.07.

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 for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million during 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 company's revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CYBR. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Robert W. Baird restated a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Needham & Company LLC increased their target price on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. DA Davidson upped their price target on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $435.11.

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.