CyberArk Software Ltd. $CYBR Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,574 shares of the technology company’s stock after buying an additional 80 shares during the period. Janney Montgomery Scott LLC’s holdings in CyberArk Software were worth $3,489,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after buying an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CyberArk Software by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after buying an additional 280 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of CyberArk Software by 5.9% in the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock valued at $371,000 after buying an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC increased its holdings in shares of CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after buying an additional 187 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer reissued a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. Scotiabank restated a “sector perform” rating and set a $448.00 price target (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Royal Bank Of Canada restated a “sector perform” rating and set a $448.00 price target (up from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Baird R W cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, William Blair cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $443.38.

CyberArk Software Stock Up 3.0%

CYBR stock opened at $514.06 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The company has a 50-day moving average of $454.76 and a two-hundred day moving average of $398.24. The stock has a market capitalization of $25.95 billion, a price-to-earnings ratio of -152.54 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last announced 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 during 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 firm’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the business 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 year.

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.