Grandeur Peak Global Advisors LLC Has $48.14 Million Stake in CyberArk Software Ltd. $CYBR

Grandeur Peak Global Advisors LLC decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 5.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 118,313 shares of the technology company’s stock after selling 6,303 shares during the period. CyberArk Software comprises approximately 5.8% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 4th biggest position. Grandeur Peak Global Advisors LLC’s holdings in CyberArk Software were worth $48,139,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Norges Bank purchased a new position in CyberArk Software during the second quarter valued at approximately $444,613,000. Price T Rowe Associates Inc. MD boosted its position in shares of CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after purchasing an additional 921,523 shares during the period. Voya Investment Management LLC increased its stake in shares of CyberArk Software by 0.7% in the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after purchasing an additional 6,314 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after purchasing an additional 335,634 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CYBR. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 target price (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and upped their price objective for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and lifted their target price for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings started coverage on shares of CyberArk Software in a report on Saturday, November 1st. They set a “sell (d-)” rating for the company. Eight investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $455.96.

CyberArk Software Stock Performance

CyberArk Software stock opened at $465.00 on Friday. The company’s 50-day moving average price is $491.24 and its 200-day moving average price is $437.66. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market cap of $23.47 billion, a PE ratio of -137.98 and a beta of 1.01. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

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

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.