Callan Family Office LLC Acquires Shares of 504 CyberArk Software Ltd. $CYBR

Callan Family Office LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 504 shares of the technology company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after buying an additional 80 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in CyberArk Software by 100.0% in the first 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in CyberArk Software by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after buying an additional 280 shares during the last quarter. Blue Trust Inc. lifted its stake in CyberArk Software by 5.9% in the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock valued at $371,000 after buying an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.9%

Shares of CYBR stock opened at $490.95 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 $24.78 billion, a P/E ratio of -145.68 and a beta of 1.01. The business has a fifty day simple moving average of $466.92 and a 200-day simple moving average of $405.43. 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 announced 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 positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $328.03 million during the quarter, compared to analysts’ expectations of $315.43 million. During the same quarter last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 46.0% on a year-over-year basis. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CYBR shares. Citizens Jmp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Stephens cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. BTIG Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Needham & Company LLC upped their price target on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Barclays restated an “equal weight” rating and set a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the stock. According to MarketBeat.com, CyberArk Software currently 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.