Optas LLC Invests $219,000 in CyberArk Software Ltd. $CYBR

Optas LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, Holdings Channel reports. The firm bought 538 shares of the technology company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its holdings in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after buying an additional 39 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in CyberArk Software during the 2nd quarter valued at about $30,000. Bessemer Group Inc. lifted 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 valued at $33,000 after buying an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in CyberArk Software during the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted 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 valued at $37,000 after buying an additional 85 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 2.9%

Shares of CyberArk Software stock opened at $493.52 on Friday. The firm’s 50 day moving average price is $458.28 and its 200-day moving average price is $400.26. 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 $271.68 and a 52-week high of $514.28. The company has a market cap of $24.91 billion, a P/E ratio of -146.45 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 46.0% compared to the same quarter last year. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Wedbush restated a “neutral” rating and issued a $450.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. BTIG Research lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and an average price target of $443.38.

CyberArk Software Company 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.