Wealth Alliance LLC Acquires 225 Shares of CyberArk Software Ltd. $CYBR

Wealth Alliance LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 12.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,062 shares of the technology company’s stock after acquiring an additional 225 shares during the quarter. Wealth Alliance LLC’s holdings in CyberArk Software were worth $839,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of CyberArk Software by 1,598.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after acquiring an additional 335,634 shares during the period. Amundi boosted its holdings in shares of CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after acquiring an additional 194,651 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wedbush restated a “neutral” rating and issued a $450.00 target price 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 report on Wednesday, October 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. UBS Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and increased their target price for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and raised their target price for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $451.69.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded down $7.78 during midday trading on Thursday, reaching $491.65. 70,815 shares of the stock traded hands, compared to its average volume of 851,853. The company’s 50 day moving average is $493.85 and its 200 day moving average is $428.97. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19. 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 stock has a market capitalization of $24.82 billion, a PE ratio of -145.87 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The firm had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.