Nicholas Wealth LLC. Purchases 274 Shares of CyberArk Software Ltd. $CYBR

Nicholas Wealth LLC. grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,223 shares of the technology company’s stock after acquiring an additional 274 shares during the period. Nicholas Wealth LLC.’s holdings in CyberArk Software were worth $1,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the 2nd quarter valued at $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 worth $30,000 after purchasing an additional 32 shares during the last quarter. Harbour Investments Inc. increased its stake 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 valued at $69,000 after buying an additional 152 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of CyberArk Software in the first quarter valued at $74,000. Finally, CWM LLC raised its holdings in shares of CyberArk Software by 146.7% in the first quarter. CWM LLC now owns 222 shares of the technology company’s stock valued at $75,000 after buying an additional 132 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CYBR shares. UBS Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and increased their price objective for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Wedbush reissued a “neutral” rating and issued a $450.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Robert W. Baird reaffirmed a “neutral” rating and set a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. Finally, Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and increased their price objective for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Eight analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $455.96.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $478.76 on Wednesday. The firm has a fifty day moving average of $495.39 and a two-hundred day moving average of $433.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a market capitalization of $24.17 billion, a price-to-earnings ratio of -142.07 and a beta of 1.01. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. As a group, equities research analysts predict 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.