Allspring Global Investments Holdings LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 504,895 shares of the technology company's stock after selling 3,460 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.02% of CyberArk Software worth $175,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Thoma Bravo L.P. bought a new position in shares of CyberArk Software in the 4th quarter worth about $380,637,000. Norges Bank purchased a new stake in CyberArk Software in the fourth quarter worth about $203,375,000. Congress Asset Management Co. increased its stake in shares of CyberArk Software by 304.2% during the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after purchasing an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $72,842,000. Finally, Janus Henderson Group PLC boosted its position in shares of CyberArk Software by 7,524.4% in the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock worth $56,914,000 after purchasing an additional 168,471 shares in the last quarter. 91.84% of the stock is owned by institutional investors.
CyberArk Software Trading Down 3.7%
CyberArk Software stock traded down $15.15 during trading on Tuesday, reaching $391.73. The company had a trading volume of 743,832 shares, compared to its average volume of 668,678. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of -210.61 and a beta of 0.99. The firm's 50-day simple moving average is $374.49 and its 200 day simple moving average is $358.03. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The business's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
Analyst Ratings Changes
CYBR has been the subject of a number of analyst reports. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Royal Bank Of Canada restated an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. DA Davidson increased their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Stephens started coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price for the company. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $416.79.
Check Out Our Latest Stock Report on CyberArk Software
CyberArk Software Company Profile
(
Free Report)
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.
Further Reading
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
