CyberArk Software Ltd. $CYBR Stock Position Raised by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.5% in the second quarter, Holdings Channel reports. The firm owned 1,591 shares of the technology company’s stock after buying an additional 69 shares during the period. Alta Wealth Advisors LLC’s holdings in CyberArk Software were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Golden State Wealth Management LLC raised its stake 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 worth $26,000 after purchasing an additional 39 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $30,000. Bessemer Group Inc. raised its stake 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 worth $33,000 after purchasing an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of CyberArk Software during the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake 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 worth $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $490.39 on Friday. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $501.08. The firm has a market capitalization of $24.75 billion, a PE ratio of -145.52 and a beta of 1.01. The business’s 50 day moving average is $449.49 and its 200-day moving average is $395.33. 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 (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. Sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYBR. Baird R W downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Needham & Company LLC raised their price objective on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Citizens Jmp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Barclays raised their price objective on CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Stephens downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $439.00.

CyberArk Software 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.