CyberArk Software Ltd. $CYBR Position Lifted by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 28.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,058 shares of the technology company’s stock after acquiring an additional 4,010 shares during the quarter. Baird Financial Group Inc.’s holdings in CyberArk Software were worth $6,104,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after acquiring an additional 39 shares during the last quarter. Whipplewood Advisors LLC lifted its position in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after buying an additional 46 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of CyberArk Software in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock worth $37,000 after buying an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CYBR. Robert W. Baird restated a “neutral” rating and issued a $460.00 price target on shares of CyberArk Software in a research report on Friday, August 1st. Piper Sandler restated a “neutral” rating and issued a $448.00 price target (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. KeyCorp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Stephens downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $435.11.

CyberArk Software Stock Up 0.5%

CyberArk Software stock opened at $455.55 on Thursday. The stock has a market cap of $22.52 billion, a price-to-earnings ratio of -135.18 and a beta of 1.03. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $409.68 and its two-hundred day moving average price is $377.03. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $457.07.

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

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.