Zevenbergen Capital Investments LLC Has $27.12 Million Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Zevenbergen Capital Investments LLC significantly increased its stake in CyberArk Software Ltd. by 1,301.8% during the second quarter, now holding shares worth approximately $27.12 million.
• The company reported earnings of $0.88 per share for its last quarter, surpassing analyst expectations and showing a 46.0% year-over-year revenue growth.
• Wall Street analysts maintain a mixed outlook on CyberArk, with 14 Buy and 17 Hold ratings, and a consensus target price of $435.11.

Zevenbergen Capital Investments LLC grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1,301.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,657 shares of the technology company's stock after buying an additional 61,902 shares during the period. Zevenbergen Capital Investments LLC owned approximately 0.13% of CyberArk Software worth $27,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. Golden State Wealth Management LLC increased its stake in shares of 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 purchasing an additional 39 shares during the period. Whipplewood Advisors LLC increased its stake in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the period. Bessemer Group Inc. increased its stake in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc bought a new position in shares of CyberArk Software in the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of CyberArk Software by 340.0% in the first 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 during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Down 1.0%

NASDAQ CYBR opened at $466.30 on Friday. 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 stock's 50 day moving average is $419.28 and its two-hundred day moving average is $380.62. The company has a market capitalization of $23.05 billion, a price-to-earnings ratio of -138.37 and a beta of 1.03. 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 quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 46.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $448.00 price objective (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Stifel Nicolaus reiterated a "hold" rating and issued a $444.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. KeyCorp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Guggenheim lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target on the stock. in a research note on Thursday, July 31st. Finally, Oppenheimer restated a "market perform" rating on shares of CyberArk Software in a research note on Friday, August 1st. 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, the company has an average rating of "Hold" and a consensus target price 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.

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