Atlantic Union Bankshares Corp Makes New $1.50 Million Investment in CyberArk Software Ltd. $CYBR

Atlantic Union Bankshares Corp purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,696 shares of the technology company’s stock, valued at approximately $1,504,000.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in CyberArk Software in the 2nd quarter valued at approximately $30,000. 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 worth $30,000 after acquiring an additional 32 shares during the period. Morse Asset Management Inc bought a new position in shares of CyberArk Software in the first quarter worth $34,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of CyberArk Software by 340.0% in 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. Finally, Harbour Investments Inc. raised its stake in shares of CyberArk Software by 298.0% during the 1st quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock valued at $69,000 after purchasing an additional 152 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Oppenheimer restated a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. Wedbush reiterated a “neutral” rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. KeyCorp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. BTIG Research cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, William Blair lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Nine research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $451.69.

CyberArk Software Stock Up 0.3%

Shares of NASDAQ:CYBR opened at $503.87 on Friday. The firm has a market capitalization of $25.43 billion, a PE ratio of -149.52 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 $288.00 and a 52-week high of $526.19. The firm has a fifty day moving average of $490.51 and a 200 day moving average of $424.75.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue was up 42.8% compared to the same quarter last year. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.