CyberArk Software Ltd. $CYBR Shares Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,591 shares of the technology company’s stock after acquiring an additional 69 shares during the period. Alta Wealth Advisors LLC’s holdings in CyberArk Software were worth $647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its position in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after acquiring an additional 39 shares in the last quarter. Bessemer Group Inc. raised its position in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software during the 1st quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.9%

Shares of CyberArk Software stock opened at $490.39 on Friday. The stock has a 50-day moving average price of $449.49 and a 200 day moving average price of $395.33. The company has a market cap of $24.75 billion, a P/E ratio of -145.52 and a beta of 1.01. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $501.08.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. KeyCorp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $439.00.

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.