Oak Ridge Investments LLC Purchases 803 Shares of CyberArk Software Ltd. $CYBR

Oak Ridge Investments LLC increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,860 shares of the technology company’s stock after acquiring an additional 803 shares during the period. Oak Ridge Investments LLC’s holdings in CyberArk Software were worth $7,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in CyberArk Software during the second quarter valued at $30,000. Golden State Wealth Management LLC lifted its position in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Bessemer Group Inc. lifted its position in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software during the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in 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 valued at $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $493.52 on Friday. The stock’s 50-day simple moving average is $458.28 and its 200-day simple moving average is $400.62. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $514.28. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of -146.45 and a beta of 1.01. 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 issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 46.0% compared to the same quarter last year. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of several analyst reports. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Wedbush reiterated a “neutral” rating and set a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. DA Davidson lifted their target price on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, KeyCorp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of “Hold” and a consensus target price 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.