Balefire LLC Sells 737 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Balefire LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,936 shares of the technology company's stock after selling 737 shares during the quarter. Balefire LLC's holdings in CyberArk Software were worth $2,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC raised its holdings in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the period. Whipplewood Advisors LLC raised its holdings in CyberArk Software by 135.3% in 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 during the period. Bessemer Group Inc. raised its holdings in CyberArk Software by 421.1% in 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 during the period. Finally, Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter valued at about $39,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of several research analyst reports. Stephens initiated coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target on the stock. DA Davidson increased their price target on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Royal Bank Of Canada reissued an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Citigroup increased their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Robert W. Baird increased their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $416.79.

CyberArk Software Stock Down 1.4%

Shares of CYBR stock traded down $5.67 during trading hours on Friday, hitting $397.89. 410,617 shares of the company's stock traded hands, compared to its average volume of 558,860. The stock's 50 day simple moving average is $371.17 and its 200 day simple moving average is $356.31. The stock has a market cap of $19.67 billion, a PE ratio of -213.92 and a beta of 0.99. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company's revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.