CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 34.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,830 shares of the technology company's stock after selling 29,968 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of CyberArk Software worth $19,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after acquiring an additional 61 shares during the last quarter. Yousif Capital Management LLC lifted its position in CyberArk Software by 9.1% during the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after purchasing an additional 187 shares during the period. Farther Finance Advisors LLC boosted its holdings in CyberArk Software by 1,104.3% in the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock valued at $294,000 after purchasing an additional 773 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in CyberArk Software by 17.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 1,455 shares of the technology company's stock worth $492,000 after purchasing an additional 212 shares during the period. Finally, Retirement Systems of Alabama purchased a new position in shares of CyberArk Software during the 1st quarter valued at about $5,235,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of a number of recent research reports. Truist Financial lowered their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Stephens initiated coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price for the company. Finally, Roth Capital assumed coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $416.79.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $397.89 on Friday. The business has a fifty day moving average price of $372.61 and a 200 day moving average price of $357.13. The company has a market cap of $19.67 billion, a P/E ratio of -213.92 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Profile

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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