500 Shares in CyberArk Software Ltd. $CYBR Purchased by Financial Advisors LLC

Financial Advisors LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 500 shares of the technology company’s stock, valued at approximately $203,000.

A number of other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $30,000. Golden State Wealth Management LLC boosted 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 purchasing an additional 39 shares during the last quarter. Bessemer Group Inc. boosted its holdings in CyberArk Software by 421.1% during 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 last quarter. Morse Asset Management Inc bought a new position in CyberArk Software in the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake 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 valued at $37,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of recent research reports. Guggenheim downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research note on Thursday, July 31st. Piper Sandler reiterated a “neutral” rating and set a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. William Blair lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Stephens cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Ten research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $448.85.

CyberArk Software Trading Up 0.9%

Shares of CyberArk Software stock opened at $490.95 on Monday. 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 business has a fifty day simple moving average of $466.92 and a two-hundred day simple moving average of $406.39. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $514.28. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of -145.68 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 company’s revenue was up 46.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. Research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software 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.