CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 88.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,391 shares of the technology company's stock after selling 127,133 shares during the quarter. Calamos Advisors LLC's holdings in CyberArk Software were worth $5,878,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Thoma Bravo L.P. acquired a new position in CyberArk Software during the fourth quarter worth about $380,637,000. First Trust Advisors LP grew its holdings in shares of CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after acquiring an additional 20,832 shares during the period. Pictet Asset Management Holding SA increased its stake in CyberArk Software by 8.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after purchasing an additional 68,359 shares in the last quarter. Norges Bank acquired a new position in CyberArk Software during the fourth quarter worth $203,375,000. Finally, Driehaus Capital Management LLC boosted its position in CyberArk Software by 31.5% during the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after purchasing an additional 114,622 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CYBR shares. Roth Capital started coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Barclays reissued an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, DA Davidson boosted 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. Two research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $416.79.

CyberArk Software Stock Performance

Shares of CYBR stock traded up $2.70 during trading hours on Monday, reaching $401.46. The company had a trading volume of 722,113 shares, compared to its average volume of 563,094. The stock's fifty day simple moving average is $379.03 and its 200 day simple moving average is $360.27. The company has a market capitalization of $19.84 billion, a P/E ratio of 1,812.55 and a beta of 1.00. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The business's quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share 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.