Transcend Capital Advisors LLC Cuts Position in CyberArk Software Ltd. $CYBR

Transcend Capital Advisors LLC decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 46.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 783 shares of the technology company’s stock after selling 689 shares during the quarter. Transcend Capital Advisors LLC’s holdings in CyberArk Software were worth $319,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Invesco Ltd. raised its position in CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares in the last quarter. Voya Investment Management LLC raised its position in CyberArk Software by 0.7% in the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after acquiring an additional 6,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in CyberArk Software by 82.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after acquiring an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in CyberArk Software by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock worth $228,161,000 after acquiring an additional 106,435 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 1.6%

CYBR opened at $513.47 on Thursday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.92 billion, a P/E ratio of -152.36 and a beta of 1.01. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $526.19. The business’s fifty day simple moving average is $481.10 and its 200 day simple moving average is $416.51.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stephens cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Needham & Company LLC increased their price objective on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Robert W. Baird reissued a “neutral” rating and issued a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Finally, Wolfe Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $448.85.

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.