Cooper Capital Advisors LLC Purchases New Position in CyberArk Software Ltd. $CYBR

Cooper Capital Advisors LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 835 shares of the technology company’s stock, valued at approximately $340,000. CyberArk Software makes up about 0.3% of Cooper Capital Advisors LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYBR. Venturi Wealth Management LLC boosted its position in shares of CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock valued at $282,000 after purchasing an additional 29 shares during the period. Prudential PLC increased its position in CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after buying an additional 30 shares during the period. MAI Capital Management lifted its stake in CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after buying an additional 31 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the period. Finally, Y.D. More Investments Ltd boosted its holdings in shares of CyberArk Software by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CYBR. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. DA Davidson restated a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a research note on Friday, November 7th. BTIG Research cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target on the stock. in a report on Friday, August 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $455.96.

CyberArk Software Trading Up 0.1%

Shares of CyberArk Software stock opened at $487.93 on Friday. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of -144.79 and a beta of 1.01. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company’s 50-day simple moving average is $494.94 and its 200-day simple moving average is $430.35. 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 data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. During the same quarter in the previous year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.