Cary Street Partners Financial LLC Sells 1,340 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Cary Street Partners Financial LLC reduced its stake in CyberArk Software Ltd. by 13.4%, now owning 8,694 shares worth approximately $2.94 million.
• Analysts have issued varied ratings on CYBR, with Needham & Company LLC raising its price target to $551.00 and Barclays increasing its target to $440.00, reflecting confidence in the company's future performance.
• CyberArk Software reported $328.03 million in revenue for the last quarter, exceeding estimates and showing a 46% increase year-over-year, while posting an earnings per share (EPS) of $0.88.

Cary Street Partners Financial LLC lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,694 shares of the technology company's stock after selling 1,340 shares during the period. Cary Street Partners Financial LLC's holdings in CyberArk Software were worth $2,939,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake 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 period. Whipplewood Advisors LLC lifted 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 worth $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its stake in CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc purchased a new stake in CyberArk Software during the 1st quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CYBR stock opened at $413.46 on Thursday. CyberArk Software Ltd. has a twelve month low of $242.46 and a twelve month high of $452.00. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of -122.69 and a beta of 0.96. The business's fifty day simple moving average is $393.63 and its two-hundred day simple moving average is $369.20. 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 posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same quarter last year, the firm posted $0.54 EPS. The firm's revenue was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CYBR. Barclays lifted their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. UBS Group reiterated a "neutral" rating and issued a $485.00 target price (up from $480.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Wolfe Research restated a "peer perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Needham & Company LLC lifted their price objective on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Eighteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $435.11.

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.

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