Connecticut Wealth Management LLC Acquires 400 Shares of CyberArk Software Ltd. $CYBR

Connecticut Wealth Management LLC lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 43.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,325 shares of the technology company’s stock after purchasing an additional 400 shares during the quarter. Connecticut Wealth Management LLC’s holdings in CyberArk Software were worth $448,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of CyberArk Software by 100.0% during the first 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 during the period. Whipplewood Advisors LLC increased its holdings in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after purchasing an additional 46 shares during the period. Bessemer Group Inc. increased its holdings in shares of CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc bought a new position in shares of CyberArk Software during the first quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of CyberArk Software by 340.0% during the first 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 during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $453.26 on Friday. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $457.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $22.40 billion, a P/E ratio of -134.50 and a beta of 0.96. The company’s 50 day moving average price is $406.31 and its two-hundred day moving average price is $375.94.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 46.0% on a year-over-year basis. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $448.00 target price (up from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Wedbush reiterated a “neutral” rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. UBS Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and increased their price target for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Finally, Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Fourteen analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $435.11.

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.