CyberArk Software Ltd. $CYBR Shares Sold by Next Century Growth Investors LLC

Key Points

• Next Century Growth Investors LLC reduced its stake in CyberArk Software Ltd. by 6.7%, ending the first quarter with 20,703 shares valued at approximately $6.99 million.
• Research firms have mostly rated CyberArk Software with Hold or Neutral ratings, with a consensus price target of $435.11, while UBS Group has adjusted its rating from "strong-buy" to "hold."
• For the latest quarter, CyberArk Software reported earnings per share of $0.88, exceeding expectations, with a revenue of $328.03 million representing a 46.0% year-over-year growth.

Next Century Growth Investors LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,703 shares of the technology company's stock after selling 1,491 shares during the period. Next Century Growth Investors LLC's holdings in CyberArk Software were worth $6,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CYBR. Golden State Wealth Management LLC boosted its stake in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC raised 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 buying an additional 46 shares during the last quarter. Bessemer Group Inc. raised 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 buying an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of CyberArk Software in the first quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after buying an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CYBR. UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their price target for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Piper Sandler reaffirmed a "neutral" rating and issued a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Oppenheimer reissued a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Up 1.9%

CYBR opened at $446.28 on Thursday. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a fifty day moving average of $403.61 and a two-hundred day moving average of $375.04. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of -132.43 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 company had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. On average, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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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