Weatherly Asset Management L. P. Decreases Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Weatherly Asset Management L. P. has reduced its stake in CyberArk Software by 2.3%, selling 1,205 shares and now owns approximately 51,989 shares valued at $21.15 million.
• Analysts have downgraded CyberArk Software from "strong-buy" to "hold" ratings, with an average target price of $435.11, reflecting a cautious outlook in the market.
• The company's latest earnings report showed a 46.0% year-over-year revenue increase with earnings per share of $0.88, surpassing analysts' estimates of $0.79.

Weatherly Asset Management L. P. decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,989 shares of the technology company's stock after selling 1,205 shares during the period. CyberArk Software makes up about 1.8% of Weatherly Asset Management L. P.'s portfolio, making the stock its 16th largest position. Weatherly Asset Management L. P. owned approximately 0.11% of CyberArk Software worth $21,153,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of 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 acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of 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 acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of CyberArk Software in the 1st quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CYBR shares. William Blair lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Piper Sandler reiterated a "neutral" rating and issued a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Thirteen investment analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $10.39 on Tuesday, reaching $480.71. 440,184 shares of the company's stock were exchanged, compared to its average volume of 925,197. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market cap of $23.76 billion, a price-to-earnings ratio of -142.99 and a beta of 1.03. CyberArk Software Ltd. has a 52 week low of $269.00 and a 52 week high of $493.85. The stock has a fifty day simple moving average of $430.67 and a 200-day simple moving average of $386.37.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly 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 firm had revenue of $328.03 million for the quarter, compared to the consensus estimate 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 for the quarter was up 46.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.