Bailard Inc. Has $3.63 Million Stock Position in CyberArk Software Ltd. $CYBR

Bailard Inc. boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 210.1% in the 2nd quarter, Holdings Channel reports. The firm owned 8,919 shares of the technology company’s stock after buying an additional 6,043 shares during the period. Bailard Inc.’s holdings in CyberArk Software were worth $3,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of CyberArk Software during the 2nd quarter worth $30,000. NewSquare Capital LLC grew its position in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the last quarter. Morse Asset Management Inc bought a new position in CyberArk Software in the first quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock worth $37,000 after acquiring an additional 85 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock worth $69,000 after acquiring an additional 152 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $499.43 on Thursday. 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 Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The firm has a market cap of $25.21 billion, a PE ratio of -148.20 and a beta of 1.01. The firm’s fifty day moving average is $493.85 and its 200-day moving average is $428.97.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CYBR shares. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Scotiabank restated a “sector perform” rating and issued a $448.00 target price (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Robert W. Baird reiterated a “neutral” rating and set a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. William Blair cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, Piper Sandler restated a “neutral” rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and a consensus price target of $451.69.

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.