Venturi Wealth Management LLC Acquires 83 Shares of CyberArk Software Ltd. $CYBR

Venturi Wealth Management LLC boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 917 shares of the technology company’s stock after purchasing an additional 83 shares during the period. Venturi Wealth Management LLC’s holdings in CyberArk Software were worth $373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 39 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the 2nd quarter worth about $30,000. Bessemer Group Inc. grew its holdings in 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 acquiring an additional 80 shares during the period. Morse Asset Management Inc acquired a new stake in CyberArk Software during the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock worth $37,000 after acquiring an additional 85 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $493.52 on Friday. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $514.28. The stock has a market cap of $24.91 billion, a price-to-earnings ratio of -146.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm’s 50-day simple moving average is $458.28 and its 200 day simple moving average is $400.26.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $444.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Citizens Jmp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Piper Sandler restated a “neutral” rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, BTIG Research downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Twelve analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $443.38.

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.