Calamos Advisors LLC Cuts Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Calamos Advisors LLC trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 88.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,391 shares of the technology company's stock after selling 127,133 shares during the period. Calamos Advisors LLC's holdings in CyberArk Software were worth $5,878,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Finally, Graney & King LLC bought a new position in shares of CyberArk Software in the fourth quarter worth about $43,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 2.8%

NASDAQ CYBR traded up $10.77 during mid-day trading on Friday, hitting $398.69. The company's stock had a trading volume of 503,268 shares, compared to its average volume of 562,456. The company's 50 day simple moving average is $379.03 and its 200 day simple moving average is $359.96. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $421.00. The firm has a market capitalization of $19.71 billion, a price-to-earnings ratio of -214.35 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter last year, the firm posted $0.75 EPS. CyberArk Software's revenue was up 43.3% compared to the same quarter last year. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and issued a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, Stephens assumed coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and a consensus price target of $416.79.

About CyberArk Software

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.