Linden Advisors LP Takes Position in CyberArk Software Ltd. $CYBR

Linden Advisors LP bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent filing with the SEC. The firm bought 59,291 shares of the technology company’s stock, valued at approximately $24,124,000. Linden Advisors LP owned approximately 0.12% of CyberArk Software as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CYBR. Harvey Partners LLC raised its holdings in CyberArk Software by 0.7% during the second quarter. Harvey Partners LLC now owns 39,269 shares of the technology company’s stock worth $15,978,000 after buying an additional 269 shares during the last quarter. Hilton Capital Management LLC grew its holdings in shares of CyberArk Software by 10.3% during the second quarter. Hilton Capital Management LLC now owns 8,733 shares of the technology company’s stock valued at $3,553,000 after buying an additional 814 shares during the last quarter. ICONIQ Capital LLC bought a new stake in shares of CyberArk Software during the second quarter worth about $202,000. Fortress Investment Group LLC acquired a new stake in shares of CyberArk Software in the 2nd quarter worth about $488,000. Finally, G2 Investment Partners Management LLC raised its holdings in shares of CyberArk Software by 22.1% in the 2nd quarter. G2 Investment Partners Management LLC now owns 27,578 shares of the technology company’s stock worth $11,221,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.7%

Shares of CyberArk Software stock opened at $462.86 on Friday. The firm has a market cap of $23.37 billion, a PE ratio of -100.40, a P/E/G ratio of 24.74 and a beta of 0.99. 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 stock has a fifty day moving average price of $487.32 and a 200-day moving average price of $444.31.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings started coverage on CyberArk Software in a research report on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and raised their price objective for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Seven research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $459.75.

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.