Ritholtz Wealth Management Purchases Shares of 497 CyberArk Software Ltd. $CYBR

Ritholtz Wealth Management purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 497 shares of the technology company’s stock, valued at approximately $202,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Harbour Investments Inc. increased its stake in CyberArk Software by 22.2% in the second quarter. Harbour Investments Inc. now owns 248 shares of the technology company’s stock valued at $101,000 after purchasing an additional 45 shares during the last quarter. TD Asset Management Inc increased its stake in CyberArk Software by 136.0% in the second quarter. TD Asset Management Inc now owns 43,537 shares of the technology company’s stock valued at $17,714,000 after purchasing an additional 25,093 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in CyberArk Software by 54.5% in the second quarter. Wilmington Savings Fund Society FSB now owns 2,669 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 942 shares during the last quarter. Founders Grove Wealth Partners LLC purchased a new position in CyberArk Software in the second quarter valued at approximately $208,000. Finally, Jag Capital Management LLC increased its stake in CyberArk Software by 259.5% in the second quarter. Jag Capital Management LLC now owns 49,331 shares of the technology company’s stock valued at $20,072,000 after purchasing an additional 35,607 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $506.08 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a fifty day moving average price of $470.64 and a 200 day moving average price of $408.43. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $514.28. The company has a market cap of $25.55 billion, a PE ratio of -150.17 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share 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 during the quarter, compared to the consensus estimate of $315.43 million. During the same period last year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYBR. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their target price for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. JMP Securities restated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Piper Sandler restated a “neutral” rating and set a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Ten investment analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $448.85.

CyberArk Software 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.