CyberArk Software Ltd. $CYBR Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 330.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211 shares of the technology company’s stock after purchasing an additional 162 shares during the period. First Horizon Advisors Inc.’s holdings in CyberArk Software were worth $86,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the second quarter worth about $30,000. NewSquare Capital LLC grew its holdings in shares of CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software during the 1st quarter worth approximately $34,000. Whittier Trust Co. of Nevada Inc. lifted its holdings 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 purchasing an additional 85 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new position in CyberArk Software during the 2nd quarter valued at approximately $81,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CYBR shares. Needham & Company LLC raised their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Stifel Nicolaus restated a “hold” rating and issued a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Finally, Guggenheim cut 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 research note on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $451.69.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $503.87 on Monday. 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 business’s 50-day moving average price is $490.51 and its 200 day moving average price is $426.11. CyberArk Software Ltd. has a 52-week low of $288.00 and a 52-week high of $526.19. The firm has a market cap of $25.43 billion, a P/E ratio of -149.52 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same period in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.