Boothbay Fund Management LLC Has $20.38 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Boothbay Fund Management LLC lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,088 shares of the technology company’s stock after buying an additional 6,655 shares during the period. CyberArk Software comprises about 0.4% of Boothbay Fund Management LLC’s investment portfolio, making the stock its 20th largest holding. Boothbay Fund Management LLC owned 0.10% of CyberArk Software worth $20,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CYBR. AXA S.A. lifted its holdings in CyberArk Software by 1.4% during the 2nd quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock worth $47,825,000 after purchasing an additional 1,571 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in CyberArk Software in the second quarter valued at approximately $1,504,000. Stratos Wealth Partners LTD. acquired a new stake in CyberArk Software in the second quarter valued at about $214,000. World Investment Advisors acquired a new position in CyberArk Software during the 2nd quarter worth approximately $211,000. Finally, Advyzon Investment Management LLC bought a new stake in CyberArk Software during the 2nd quarter worth $363,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CYBR. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Barclays reissued an “equal weight” rating and set a $520.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Weiss Ratings began coverage on shares of CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. Finally, Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and upped their price objective for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. Seven research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $459.75.

CyberArk Software Stock Up 0.7%

Shares of CyberArk Software stock opened at $462.86 on Friday. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of -100.40, a PEG ratio of 24.74 and a beta of 0.99. The company has a 50-day moving average of $487.32 and a 200 day moving average of $444.31.

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

CyberArk Software Company 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.