Nicholas Wealth LLC. Acquires 274 Shares of CyberArk Software Ltd. $CYBR

Nicholas Wealth LLC. raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.3% in the second quarter, Holdings Channel reports. The fund owned 3,223 shares of the technology company’s stock after acquiring an additional 274 shares during the period. Nicholas Wealth LLC.’s holdings in CyberArk Software were worth $1,311,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at approximately $30,000. NewSquare Capital LLC lifted its stake in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after buying an additional 32 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock valued at $69,000 after buying an additional 152 shares during the period. WPG Advisers LLC bought a new stake in shares of CyberArk Software during the first quarter worth $74,000. Finally, CWM LLC raised its holdings in shares of CyberArk Software by 146.7% during the first quarter. CWM LLC now owns 222 shares of the technology company’s stock worth $75,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR opened at $478.76 on Wednesday. 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 fifty day simple moving average is $495.39 and its 200 day simple moving average is $433.22. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The company has a market cap of $24.17 billion, a price-to-earnings ratio of -142.07 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The company had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYBR. Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Barclays reiterated an “equal weight” rating and set a $520.00 price objective (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Citizens Jmp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $518.00 price target on shares of CyberArk Software in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $455.96.

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.