Groupe la Francaise Increases Stake in CyberArk Software Ltd. $CYBR

Groupe la Francaise boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 1,264.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,378 shares of the technology company’s stock after purchasing an additional 15,178 shares during the quarter. Groupe la Francaise’s holdings in CyberArk Software were worth $6,636,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter worth $30,000. NewSquare Capital LLC raised its holdings in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $33,000. Harbour Investments Inc. raised its holdings in 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. Finally, WPG Advisers LLC purchased a new stake in CyberArk Software during the first quarter worth approximately $74,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR opened at $457.70 on Wednesday. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of -99.28, a PEG ratio of 25.53 and a beta of 0.99. The stock has a 50 day moving average of $490.00 and a 200-day moving average of $439.65.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The business had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of several recent research reports. Weiss Ratings assumed coverage on shares of CyberArk Software in a report on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. JMP Securities restated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $440.00 to $502.00 in a report on Wednesday, October 15th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $455.96.

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.