Hood River Capital Management LLC Raises Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Hood River Capital Management LLC raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 59.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 223,584 shares of the technology company’s stock after acquiring an additional 83,172 shares during the quarter. CyberArk Software makes up 1.3% of Hood River Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Hood River Capital Management LLC’s holdings in CyberArk Software were worth $61,132,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

CYBR has been the subject of several recent research reports. 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. Royal Bank of Canada assumed coverage on shares of CyberArk Software in a research report on Friday. They issued an “outperform” rating and a $328.00 target price for the company. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Tuesday, June 25th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $292.32.

CyberArk Software Stock Up 3.5 %

Shares of NASDAQ CYBR opened at $280.62 on Monday. The business’s 50 day moving average is $268.97 and its two-hundred day moving average is $257.77. 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 $11.86 billion, a price-to-earnings ratio of -438.47 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same period in the previous year, the firm posted ($0.58) earnings per share. The company’s revenue was up 27.8% on a year-over-year basis. Analysts anticipate that CyberArk Software Ltd. will post -1.06 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.