Here’s Why You Should Consider Investing in CyberArk Software (CYBR)

Harding Loevner, an investment management firm, published its “Global Small Companies Equity Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 1.94% was recorded by the fund for the third quarter of 2021, beating its Benchmark, the MSCI All Country World Small Cap Index, which returned -1.42 % for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Harding Loevner Global Small Companies Equity Fund, in its Q3 2021 investor letter, mentioned CyberArk Software Ltd. (NASDAQ: CYBR) and discussed its stance on the firm. CyberArk Software Ltd. is a Newton, Massachusetts-based information security company with a $6.0 billion market capitalization. CYBR delivered a -6.18% return since the beginning of the year, while its 12-month returns are up by 33.10%. The stock closed at $151.60 per share on December 03, 2021.

Here is what Harding Loevner Global Small Companies Equity Fund has to say about CyberArk Software Ltd.  in its Q3 2021 investor letter:

“By sector, stock selection in Information Technology (IT) and Health Care led performance, while our Industrials holdings lagged. In IT, security company Cyberark reported accelerating revenue growth for its subscription software, a sign that the company’s decision to transition away from a traditional software licensing business model was wise.”

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Based on our calculations, CyberArk Software Ltd. (NASDAQ: CYBR) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. CYBR was in 20 hedge fund portfolios at the end of the third quarter of 2021, compared to 27 funds in the previous quarter. CyberArk Software Ltd. (NASDAQ: CYBR) delivered a -10.82% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.