Founders Grove Wealth Partners LLC Makes New Investment in CyberArk Software Ltd. $CYBR

Founders Grove Wealth Partners LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 510 shares of the technology company’s stock, valued at approximately $208,000.

A number of other large investors have also bought and sold shares of the stock. Invesco Ltd. grew its holdings 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 purchasing an additional 122,423 shares during the period. Price T Rowe Associates Inc. MD grew its holdings 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 purchasing an additional 921,523 shares during the period. Voya Investment Management LLC grew its holdings in shares of CyberArk Software by 0.7% during the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after buying an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CyberArk Software by 82.9% during 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 valued at $250,290,000 after buying an additional 335,634 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock valued at $228,161,000 after buying an additional 106,435 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $504.02 on Tuesday. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of -149.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $514.28. The firm’s 50-day simple moving average is $460.18 and its two-hundred day simple moving average is $402.21.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate 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 negative net margin of 13.78% and a positive return on equity of 0.44%. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. William Blair cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Robert W. Baird reiterated a “neutral” rating and set a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. Stephens cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Barclays lifted their price objective on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a report on Friday, August 1st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Hold” and an average price target of $443.38.

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.