CyberArk Software Ltd. $CYBR Shares Sold by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC reduced its stake in CyberArk Software by 24.8%, selling 914 shares, which brings their total holdings to 2,765 shares valued at approximately $935,000.
• Multiple institutional investors have increased their positions in CyberArk Software, with Alliance Wealth Advisors LLC UT boosting their stake by 17.6% to own 4,915 shares worth $1,661,000.
• CyberArk Software's latest earnings report revealed an EPS of $0.88, exceeding analysts' estimates of $0.79, with a 46% year-over-year revenue increase to $328.03 million.

Cresset Asset Management LLC reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,765 shares of the technology company's stock after selling 914 shares during the period. Cresset Asset Management LLC's holdings in CyberArk Software were worth $935,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of CyberArk Software by 421.1% during the 1st 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 period. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% during the 1st 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. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after acquiring an additional 280 shares during the period. Blue Trust Inc. grew its holdings in shares of CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after purchasing an additional 61 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after purchasing an additional 187 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 0.0%

Shares of NASDAQ CYBR traded down $0.11 during trading on Tuesday, reaching $438.80. 347,864 shares of the stock were exchanged, compared to its average volume of 935,409. The business's 50-day moving average price is $401.50 and its 200 day moving average price is $374.10. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve month high of $452.00. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of -130.21 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same period in the previous year, the company posted $0.54 earnings per share. The business's revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CYBR shares. DA Davidson boosted their target price on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wedbush reiterated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Baird R W cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Rosenblatt Securities cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price for the company. in a report on Friday, August 1st. Finally, BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $435.11.

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.