Atika Capital Management LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,700 shares of the technology company's stock after selling 2,800 shares during the quarter. CyberArk Software makes up 2.0% of Atika Capital Management LLC's investment portfolio, making the stock its 15th largest holding. Atika Capital Management LLC owned 0.09% of CyberArk Software worth $14,433,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC grew its stake in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. grew its stake in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new position in CyberArk Software during the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Analysts Set New Price Targets
CYBR has been the topic of several research analyst reports. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. William Blair cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. UBS Group lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their price target for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Needham & Company LLC lifted their price target on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $435.11.
Get Our Latest Analysis on CYBR
CyberArk Software Stock Performance
Shares of CYBR stock traded down $2.33 during trading hours on Monday, reaching $438.91. 596,672 shares of the company's stock were exchanged, compared to its average volume of 936,948. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. The stock has a market capitalization of $21.69 billion, a P/E ratio of -130.24 and a beta of 0.96. The business has a fifty day moving average price of $400.51 and a 200-day moving average price of $373.72. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
CyberArk Software 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.
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