Allspring Global Investments Holdings LLC Acquires 19,728 Shares of CyberArk Software Ltd. $CYBR

Allspring Global Investments Holdings LLC boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 524,623 shares of the technology company’s stock after purchasing an additional 19,728 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CyberArk Software were worth $205,511,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CYBR. Farther Finance Advisors LLC lifted its position in CyberArk Software by 1,104.3% in the 1st quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company’s stock valued at $294,000 after acquiring an additional 773 shares in the last quarter. Yousif Capital Management LLC lifted its position in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after acquiring an additional 187 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in CyberArk Software in the 1st quarter valued at about $524,000. Wealth Enhancement Advisory Services LLC lifted its position in CyberArk Software by 14.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,453 shares of the technology company’s stock valued at $1,167,000 after acquiring an additional 431 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in CyberArk Software by 17.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,455 shares of the technology company’s stock valued at $492,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 2.9%

Shares of CYBR stock opened at $493.52 on Monday. The company has a 50 day moving average of $458.28 and a 200-day moving average of $401.03. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 12-month low of $271.68 and a 12-month high of $514.28. The firm has a market cap of $24.91 billion, a P/E ratio of -146.45 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter last year, the business posted $0.54 EPS. CyberArk Software’s quarterly revenue was up 46.0% compared to the same quarter last year. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on CYBR shares. William Blair cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. DA Davidson lifted their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Scotiabank reissued a “sector perform” rating and set a $448.00 target price (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. KeyCorp cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Twelve research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $443.38.

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.