CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Covington Capital Management

Covington Capital Management raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBRGet Rating) by 333.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 650 shares of the technology company’s stock after acquiring an additional 500 shares during the quarter. Covington Capital Management’s holdings in CyberArk Software were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its stake in CyberArk Software by 3,900.0% during the second quarter. AdvisorNet Financial Inc now owns 200 shares of the technology company’s stock valued at $26,000 after buying an additional 195 shares in the last quarter. Parallel Advisors LLC lifted its stake in CyberArk Software by 77.2% during the first quarter. Parallel Advisors LLC now owns 163 shares of the technology company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Endurance Wealth Management Inc. purchased a new stake in CyberArk Software during the first quarter valued at about $42,000. Lindbrook Capital LLC lifted its stake in CyberArk Software by 16.8% during the first quarter. Lindbrook Capital LLC now owns 430 shares of the technology company’s stock valued at $73,000 after buying an additional 62 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in CyberArk Software during the first quarter valued at about $73,000. 88.36% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Up 2.7 %

Shares of CYBR stock opened at $155.30 on Tuesday. CyberArk Software Ltd. has a 12 month low of $100.35 and a 12 month high of $201.68. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $141.99 and its two-hundred day moving average is $145.32. The company has a market cap of $6.32 billion, a PE ratio of -51.42 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBRGet Rating) last announced its quarterly earnings results on Wednesday, August 10th. The technology company reported ($0.88) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.07. CyberArk Software had a negative return on equity of 15.42% and a negative net margin of 22.37%. The company had revenue of $142.33 million for the quarter, compared to the consensus estimate of $138.45 million. During the same quarter last year, the company posted ($0.45) earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities analysts predict that CyberArk Software Ltd. will post -3.65 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of CyberArk Software from $160.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Wolfe Research increased their price target on shares of CyberArk Software from $155.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. Mizuho increased their price target on shares of CyberArk Software from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. The Goldman Sachs Group increased their price target on shares of CyberArk Software from $158.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Finally, Wells Fargo & Company increased their price target on shares of CyberArk Software from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 11th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $178.40.

About CyberArk Software

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CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

Further Reading

Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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