Baillie Gifford & Co. Sells 4,474 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Baillie Gifford & Co. reduced its stake in CyberArk Software by 3.6%, selling 4,474 shares and holding 118,801 shares worth approximately $40.16 million at the end of the last quarter.
• CyberArk Software reported earnings of $0.98 per share for the quarter, exceeding expectations of $0.79, with revenue up by 43.3% year-over-year to $317.60 million.
• Analysts are generally optimistic about CyberArk Software, with twenty-six buy ratings and a consensus price target of $418.75, highlighting strong growth potential in the cybersecurity market.

Baillie Gifford & Co. decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,801 shares of the technology company's stock after selling 4,474 shares during the period. Baillie Gifford & Co. owned 0.24% of CyberArk Software worth $40,155,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in CyberArk Software by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company's stock valued at $24,663,000 after purchasing an additional 662 shares during the last quarter. Korea Investment CORP raised its position in CyberArk Software by 65.2% in the 4th quarter. Korea Investment CORP now owns 27,272 shares of the technology company's stock valued at $9,086,000 after purchasing an additional 10,760 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in CyberArk Software by 12.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,180 shares of the technology company's stock valued at $10,924,000 after purchasing an additional 3,628 shares during the last quarter. Blair William & Co. IL raised its position in CyberArk Software by 5.2% during the 4th quarter. Blair William & Co. IL now owns 167,202 shares of the technology company's stock worth $55,703,000 after buying an additional 8,222 shares during the last quarter. Finally, Norges Bank purchased a new position in CyberArk Software during the 4th quarter worth $203,375,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CYBR. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird increased their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Roth Capital assumed coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. Finally, DA Davidson raised their price target on shares of CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.75.

CyberArk Software Stock Up 0.7%

CyberArk Software stock traded up $3.01 during midday trading on Wednesday, hitting $437.49. The company's stock had a trading volume of 8,639,732 shares, compared to its average volume of 753,288. The stock's 50-day moving average price is $388.96 and its 200-day moving average price is $366.53. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $452.00. The company has a market capitalization of $21.63 billion, a PE ratio of -235.21 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.