CyberArk Software Ltd. (NASDAQ:CYBR) Stock Position Increased by Chicago Capital LLC

Chicago Capital LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,550 shares of the technology company’s stock after acquiring an additional 712 shares during the period. Chicago Capital LLC’s holdings in CyberArk Software were worth $971,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Dallas Securities Inc. lifted its position in shares of CyberArk Software by 3.2% during the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after acquiring an additional 50 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Legato Capital Management LLC boosted its position in shares of CyberArk Software by 3.7% in the 2nd quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock valued at $530,000 after purchasing an additional 70 shares during the period. George Kaiser Family Foundation increased its stake in CyberArk Software by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 12,432 shares of the technology company’s stock worth $3,399,000 after purchasing an additional 88 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in CyberArk Software by 4.5% during the 2nd quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock worth $588,000 after buying an additional 92 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $264.84 on Friday. The business’s 50-day simple moving average is $269.23 and its 200-day simple moving average is $256.89. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of -413.81 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The company had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. During the same quarter last year, the company posted ($0.58) earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Canaccord Genuity Group decreased their target price on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Robert W. Baird lifted their price target on CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Barclays increased their price objective on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $290.83.

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.