CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG reduced its stake in CyberArk Software by 31.1%, selling 2,886 shares during the first quarter, leaving it with 6,383 shares valued at $2,157,000.
• Several institutional investors showed significant buying activity in CyberArk, with Thoma Bravo L.P. investing approximately $380 million and Janus Henderson Group PLC increasing its stake by over 7,500%.
• CyberArk Software reported a 46% year-over-year revenue increase to $328.03 million and earnings per share of $0.88, surpassing analyst expectations for the quarter.

J. Safra Sarasin Holding AG trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,383 shares of the technology company's stock after selling 2,886 shares during the quarter. J. Safra Sarasin Holding AG's holdings in CyberArk Software were worth $2,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in 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 purchasing an additional 39 shares during the period. Whipplewood Advisors LLC increased its holdings in CyberArk Software by 135.3% during 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 during the period. Bessemer Group Inc. increased its holdings in 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 purchasing an additional 80 shares during the period. Morse Asset Management Inc purchased a new position in shares of CyberArk Software in the 1st quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring an additional 85 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of CYBR stock traded down $1.08 during trading hours on Tuesday, reaching $407.92. The company had a trading volume of 588,806 shares, compared to its average volume of 877,242. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of -120.75 and a beta of 0.96. CyberArk Software Ltd. has a 12-month low of $240.90 and a 12-month 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 stock has a fifty day moving average of $391.99 and a 200-day moving average of $368.24.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The firm's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target on the stock. in a report on Thursday, July 31st. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Stephens downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, 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, July 14th. Eighteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.