Founders Grove Wealth Partners LLC Takes Position in CyberArk Software Ltd. $CYBR

Founders Grove Wealth Partners LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 510 shares of the technology company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CYBR. Price T Rowe Associates Inc. MD raised its position in shares of CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after purchasing an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after acquiring an additional 335,634 shares in the last quarter. Amundi grew its stake in CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares in the last quarter. BNP Paribas Financial Markets grew its stake in CyberArk Software by 545.1% during the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after acquiring an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. grew its stake in CyberArk Software by 12.2% during the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Piper Sandler reaffirmed a “neutral” rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Wolfe Research cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Barclays boosted their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, William Blair cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $443.38.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $504.02 on Tuesday. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The stock has a market capitalization of $25.44 billion, a price-to-earnings ratio of -149.56 and a beta of 1.01. The company has a fifty day moving average of $460.18 and a 200-day moving average of $402.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analysts’ expectations of $315.43 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 46.0% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.