Cerity Partners LLC lessened its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,368 shares of the technology company's stock after selling 2,750 shares during the quarter. Cerity Partners LLC owned about 0.10% of CyberArk Software worth $17,024,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Thoma Bravo L.P. bought a new stake in CyberArk Software during the 4th quarter valued at $380,637,000. Norges Bank purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $203,375,000. Congress Asset Management Co. boosted its stake in shares of CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after buying an additional 250,441 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in CyberArk Software in the 4th quarter valued at $72,842,000. Finally, Janus Henderson Group PLC lifted its position in CyberArk Software by 7,524.4% during the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock worth $56,914,000 after buying an additional 168,471 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Trading Down 0.5%
NASDAQ:CYBR traded down $1.97 during midday trading on Tuesday, hitting $375.06. 130,034 shares of the stock were exchanged, compared to its average volume of 574,748. The company has a market capitalization of $18.54 billion, a price-to-earnings ratio of -202.07 and a beta of 1.00. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00. The business has a 50-day moving average price of $382.87 and a two-hundred day moving average price of $362.73.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The company's quarterly revenue was up 43.3% compared to the same quarter last year. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. DA Davidson boosted their target price on CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Barclays boosted their target price on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Truist Financial lowered their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus price target of $418.04.
View Our Latest Research Report on CyberArk Software
CyberArk Software Company Profile
(
Free Report)
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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