Zevenbergen Capital Investments LLC Has $27.12 Million Stake 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 lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1,301.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,657 shares of the technology company's stock after purchasing an additional 61,902 shares during the period. Zevenbergen Capital Investments LLC owned 0.13% of CyberArk Software worth $27,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted 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 valued at $33,000 after purchasing an additional 80 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in CyberArk Software by 100.0% in the 1st 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 during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after acquiring an additional 280 shares during the period. Blue Trust Inc. raised its holdings in CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after acquiring an additional 61 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 1.0%

CYBR stock traded up $5.05 during midday trading on Friday, reaching $491.00. The company's stock had a trading volume of 214,625 shares, compared to its average volume of 925,563. The business's 50-day simple moving average is $426.07 and its 200-day simple moving average is $383.85. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock has a market cap of $24.27 billion, a PE ratio of -145.53 and a beta of 1.03. CyberArk Software Ltd. has a 52 week low of $269.00 and a 52 week high of $490.54.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results 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 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 business's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of several recent analyst reports. UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. William Blair downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Scotiabank restated a "sector perform" rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Guggenheim downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective on the stock. in a report on Thursday, July 31st. Finally, KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and an average target price 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.