Wedbush Securities Inc. Buys 286 Shares of CyberArk Software Ltd. $CYBR

Wedbush Securities Inc. boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 26.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,353 shares of the technology company’s stock after purchasing an additional 286 shares during the quarter. Wedbush Securities Inc.’s holdings in CyberArk Software were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in shares of CyberArk Software in the 2nd quarter worth $30,000. NewSquare Capital LLC grew 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 acquiring an additional 32 shares in the last quarter. Morse Asset Management Inc bought a new position in CyberArk Software in the first quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. increased its stake in 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 acquiring an additional 85 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in CyberArk Software by 298.0% during the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock valued at $69,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of research reports. Weiss Ratings started coverage on CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. BTIG Research downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Guggenheim cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research report on Thursday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Nine analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, CyberArk Software currently has an average rating of “Hold” and a consensus target price of $451.69.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $517.05 on Wednesday. The company has a market capitalization of $26.10 billion, a P/E ratio of -153.43 and a beta of 1.01. CyberArk Software Ltd. has a fifty-two week low of $288.00 and a fifty-two week high of $526.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a 50 day moving average price of $492.97 and a two-hundred day moving average price of $428.47.

CyberArk Software (NASDAQ:CYBR) last issued its 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 negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue was up 42.8% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share 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.