Continuum Advisory LLC Sells 1,135 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Continuum Advisory LLC cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,736 shares of the technology company's stock after selling 1,135 shares during the quarter. Continuum Advisory LLC's holdings in CyberArk Software were worth $2,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of CyberArk Software by 3.4% during the fourth quarter. Rhumbline Advisers now owns 15,130 shares of the technology company's stock worth $5,041,000 after acquiring an additional 499 shares during the last quarter. Principal Securities Inc. increased its position in CyberArk Software by 6.6% in the fourth quarter. Principal Securities Inc. now owns 1,190 shares of the technology company's stock worth $396,000 after purchasing an additional 74 shares during the period. Allworth Financial LP raised its holdings in CyberArk Software by 86.7% during the 4th quarter. Allworth Financial LP now owns 534 shares of the technology company's stock worth $192,000 after purchasing an additional 248 shares during the last quarter. Sanctuary Advisors LLC lifted its position in CyberArk Software by 3.0% during the 4th quarter. Sanctuary Advisors LLC now owns 8,149 shares of the technology company's stock valued at $2,715,000 after purchasing an additional 235 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in CyberArk Software during the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

CYBR stock traded up $4.12 during mid-day trading on Thursday, reaching $403.56. The company had a trading volume of 483,196 shares, compared to its average volume of 560,128. The company has a market capitalization of $19.95 billion, a price-to-earnings ratio of -216.97 and a beta of 0.99. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The stock has a 50 day simple moving average of $369.61 and a two-hundred day simple moving average of $355.73.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm's revenue was up 43.3% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several recent research reports. Royal Bank Of Canada restated an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Stephens started coverage on CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price for the company. KeyCorp cut their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays restated an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $416.79.

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.