CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,900 shares of the technology company's stock after selling 1,560 shares during the period. CyberArk Software comprises about 0.8% of Pier 88 Investment Partners LLC's holdings, making the stock its 28th largest position. Pier 88 Investment Partners LLC's holdings in CyberArk Software were worth $4,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. TD Private Client Wealth LLC grew its stake in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after buying an additional 34 shares during the period. Golden State Wealth Management LLC grew its position in CyberArk Software by 100.0% in 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 last quarter. Whipplewood Advisors LLC boosted 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 valued at $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. lifted its stake in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in CyberArk Software during the first quarter valued at approximately $34,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR traded down $0.37 during mid-day trading on Tuesday, hitting $385.69. The stock had a trading volume of 85,789 shares, compared to its average volume of 575,309. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $421.00. The stock's fifty day simple moving average is $384.99 and its 200-day simple moving average is $364.85. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of -207.89 and a beta of 1.00.

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 negative net margin of 7.97% and a positive return on equity of 0.71%. The company had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter last year, the firm posted $0.75 EPS. The company's quarterly revenue was up 43.3% on a year-over-year basis. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CYBR shares. Royal Bank Of Canada restated an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. DA Davidson lifted their price target on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Roth Capital started coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective for the company. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $418.04.

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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