Spyglass Capital Management LLC Buys 4,737 Shares of CyberArk Software Ltd. $CYBR

Spyglass Capital Management LLC raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,248 shares of the technology company’s stock after buying an additional 4,737 shares during the quarter. CyberArk Software comprises 3.0% of Spyglass Capital Management LLC’s portfolio, making the stock its 19th biggest position. Spyglass Capital Management LLC owned 0.26% of CyberArk Software worth $52,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in CyberArk Software during the second quarter valued at approximately $30,000. NewSquare Capital LLC grew its holdings in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after buying an additional 32 shares during the period. AlphaCore Capital LLC bought a new stake in shares of CyberArk Software in the 2nd quarter valued at $33,000. Harbour Investments Inc. increased its position in shares of CyberArk Software by 298.0% in the 1st 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. Finally, WPG Advisers LLC acquired a new stake in CyberArk Software during the 1st quarter worth $74,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 4.4%

NASDAQ:CYBR opened at $465.00 on Monday. The company has a market cap of $23.47 billion, a P/E ratio of -137.98 and a beta of 1.01. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The business has a 50 day moving average price of $491.24 and a two-hundred day moving average price of $438.24. 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 (NASDAQ:CYBR) last posted its quarterly earnings data 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 company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. During the same period last year, the company earned $0.94 earnings per share. The firm’s revenue was up 42.8% compared to the same quarter last year. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

CYBR has been the subject of a number of research analyst reports. Barclays reissued an “equal weight” rating and issued a $520.00 target price (up from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Zacks Research raised CyberArk Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings began coverage on shares of CyberArk Software in a research note on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. Finally, Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price objective for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. Eight research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $455.96.

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.