Driehaus Capital Management LLC reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 340,535 shares of the technology company's stock after selling 27,756 shares during the quarter. CyberArk Software comprises about 0.9% of Driehaus Capital Management LLC's holdings, making the stock its 25th largest position. Driehaus Capital Management LLC owned approximately 0.81% of CyberArk Software worth $93,109,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new stake in CyberArk Software in the 1st quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $27,000. ORG Partners LLC purchased a new position in CyberArk Software in the 2nd quarter valued at approximately $33,000. FinTrust Capital Advisors LLC purchased a new position in CyberArk Software in the 4th quarter valued at approximately $34,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software in the second quarter valued at $39,000. Hedge funds and other institutional investors own 91.84% of the company's stock.
NASDAQ CYBR opened at $282.89 on Friday. CyberArk Software Ltd. has a fifty-two week low of $152.03 and a fifty-two week high of $293.31. The business has a 50 day moving average price of $270.15 and a two-hundred day moving average price of $258.46. The stock has a market cap of $11.95 billion, a PE ratio of -442.02 and a beta of 1.11.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm's quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.58) EPS. Sell-side analysts anticipate that CyberArk Software Ltd. will post -1.06 EPS for the current fiscal year.
CYBR has been the subject of several recent research reports. Canaccord Genuity Group dropped 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $300.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Susquehanna boosted their price target on CyberArk Software from $310.00 to $320.00 and gave the stock a "positive" rating in a report on Friday, August 9th. Wedbush increased their price objective on CyberArk Software from $285.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Finally, KeyCorp boosted their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the company an "overweight" rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $295.92.
Check Out Our Latest Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.