Whalen Wealth Management Inc. Buys Shares of 1,296 CyberArk Software Ltd. $CYBR

Whalen Wealth Management Inc. bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,296 shares of the technology company’s stock, valued at approximately $527,000.

Other large investors have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of CyberArk Software during the second quarter worth $30,000. Golden State Wealth Management LLC increased its position in shares of CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares during the period. Bessemer Group Inc. increased its position in shares of CyberArk Software by 421.1% during the first 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 purchased a new stake in shares of CyberArk Software during the first quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of CyberArk Software by 340.0% during the first 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. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $522.02 on Wednesday. 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 1 year low of $271.68 and a 1 year high of $526.19. The company has a market capitalization of $26.35 billion, a PE ratio of -154.90 and a beta of 1.01. The company has a fifty day moving average of $479.61 and a two-hundred day moving average of $415.36.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CYBR shares. KeyCorp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price objective on the stock. in a research report on Friday, August 1st. BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Scotiabank reaffirmed a “sector perform” rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, William Blair downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $448.85.

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.