Ewa LLC Invests $237,000 in CyberArk Software Ltd. $CYBR

Ewa LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 582 shares of the technology company’s stock, valued at approximately $237,000.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Golden State Wealth Management LLC raised its position in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after purchasing an additional 280 shares during the last quarter. Blue Trust Inc. raised its position in CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock valued at $371,000 after purchasing an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research reports. Wolfe Research downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. DA Davidson upped their price target on shares of CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC upped their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Scotiabank reiterated a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, Barclays upped their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $439.00.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $490.17 on Thursday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a fifty-two week low of $269.00 and a fifty-two week high of $493.85. The stock has a market cap of $24.74 billion, a PE ratio of -145.45 and a beta of 1.01. The firm’s fifty day simple moving average is $444.86 and its 200-day simple moving average is $392.98.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping 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 business had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. During the same period in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 46.0% on a year-over-year basis. Analysts expect 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.