Hel Ved Capital Management Ltd Buys New Shares in CyberArk Software Ltd. $CYBR

Hel Ved Capital Management Ltd bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,700 shares of the technology company’s stock, valued at approximately $1,099,000.

Several other institutional investors also recently modified their holdings of CYBR. Atlantic Union Bankshares Corp acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $1,504,000. Stratos Wealth Partners LTD. purchased a new stake in CyberArk Software during the second quarter valued at about $214,000. World Investment Advisors acquired a new position in shares of CyberArk Software in the second quarter worth about $211,000. Advyzon Investment Management LLC purchased a new position in shares of CyberArk Software in the second quarter worth approximately $363,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of CyberArk Software during the second quarter valued at approximately $207,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR opened at $447.45 on Wednesday. The stock has a fifty day moving average price of $493.25 and a 200 day moving average price of $436.32. 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 $288.63 and a 1 year high of $526.19. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of -132.77 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business’s revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. Analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CYBR. Oppenheimer restated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Robert W. Baird restated a “neutral” rating and issued a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Rosenblatt Securities cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price for the company. in a research report on Friday, August 1st. UBS Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and upped their price target for the company from $480.00 to $485.00 in a research report on Thursday, July 31st. Finally, Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and increased their price objective for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. Eight research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.