Ardsley Advisory Partners LP Purchases 5,450 Shares of CyberArk Software Ltd. $CYBR

Ardsley Advisory Partners LP boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 42.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,150 shares of the technology company’s stock after buying an additional 5,450 shares during the period. Ardsley Advisory Partners LP’s holdings in CyberArk Software were worth $7,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Prudential PLC grew its position in shares of CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management lifted its holdings in shares of CyberArk Software by 1.1% in the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after acquiring an additional 31 shares during the last quarter. NewSquare Capital LLC lifted its position in 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 buying an additional 32 shares during the last quarter. Allworth Financial LP raised its position in CyberArk Software by 7.4% in the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock worth $236,000 after purchasing an additional 40 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in CyberArk Software by 1.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,549 shares of the technology company’s stock valued at $862,000 after acquiring an additional 42 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $469.53 on Wednesday. The stock has a fifty day simple moving average of $489.07 and a 200-day simple moving average of $443.48. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The stock has a market cap of $23.70 billion, a PE ratio of -101.85, a P/E/G ratio of 25.32 and a beta of 0.99. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. CyberArk Software’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. Equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on CYBR. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings assumed coverage on CyberArk Software in a report on Saturday, November 1st. They set a “sell (d-)” rating for the company. Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Barclays reaffirmed an “equal weight” rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Finally, JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Eight research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $455.96.

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.