Global Retirement Partners LLC Invests $1.55 Million in CyberArk Software Ltd. $CYBR

Global Retirement Partners LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,819 shares of the technology company’s stock, valued at approximately $1,554,000.

Other institutional investors also recently bought and sold shares of the company. Prudential PLC lifted its holdings in CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after buying an additional 30 shares during the period. MAI Capital Management raised its position in shares of CyberArk Software by 1.1% in the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock worth $932,000 after acquiring an additional 31 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of CyberArk Software by 78.0% during the 2nd 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. Y.D. More Investments Ltd lifted its stake in shares of CyberArk Software by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock worth $2,415,000 after purchasing an additional 38 shares during the last quarter. Finally, Assetmark Inc. boosted its position in CyberArk Software by 13.9% during the first quarter. Assetmark Inc. now owns 327 shares of the technology company’s stock valued at $111,000 after purchasing an additional 40 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $445.60 on Thursday. The company has a 50 day moving average price of $492.56 and a 200 day moving average price of $436.39. The firm has a market capitalization of $22.49 billion, a P/E ratio of -132.23 and a beta of 1.01. 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 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $328.52 million. During the same quarter in the prior year, the business posted $0.94 EPS. CyberArk Software’s revenue for the quarter was up 42.8% compared to the same quarter last year. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Needham & Company LLC lifted their target price on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. William Blair cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Wedbush reiterated a “neutral” rating and set a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Robert W. Baird reissued a “neutral” rating and set a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Finally, BTIG Research downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CyberArk Software presently has an average rating of “Hold” and a consensus price target of $455.96.

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.