Beck Bode LLC Has $789,000 Stock Position in CyberArk Software Ltd. $CYBR

Beck Bode LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 32.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,335 shares of the technology company’s stock after selling 1,118 shares during the period. Beck Bode LLC’s holdings in CyberArk Software were worth $789,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CYBR. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software during the 4th quarter worth $380,637,000. Price T Rowe Associates Inc. MD grew its stake in CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after buying an additional 921,523 shares during the last quarter. Congress Asset Management Co. grew its stake in CyberArk Software by 304.2% in the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company’s stock valued at $112,476,000 after buying an additional 250,441 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in CyberArk Software in the 4th quarter valued at $72,842,000. Finally, Janus Henderson Group PLC grew its stake in CyberArk Software by 7,524.4% in the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company’s stock valued at $56,914,000 after buying an additional 168,471 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CYBR. UBS Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and raised their target price for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Wedbush reiterated a “neutral” rating and issued a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Scotiabank reiterated a “sector perform” rating and issued a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Finally, Wolfe Research lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $435.11.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $446.28 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. The firm has a fifty day moving average price of $403.61 and a two-hundred day moving average price of $375.04. The company has a market cap of $22.06 billion, a PE ratio of -132.43 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 46.0% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

About CyberArk Software

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.