TimesSquare Capital Management LLC lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 457,199 shares of the technology company's stock after selling 103,154 shares during the quarter. CyberArk Software accounts for approximately 2.5% of TimesSquare Capital Management LLC's holdings, making the stock its largest holding. TimesSquare Capital Management LLC owned 0.92% of CyberArk Software worth $154,533,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its holdings in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares during the period. Golden State Wealth Management LLC lifted its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC lifted its holdings in 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 during the period. Bessemer Group Inc. lifted its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares during the period. Finally, Graney & King LLC acquired a new position in CyberArk Software in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.84% of the company's stock.
CyberArk Software Trading Up 2.3%
CYBR traded up $8.51 during mid-day trading on Thursday, hitting $386.48. 237,643 shares of the stock were exchanged, compared to its average volume of 575,788. The firm's fifty day moving average is $383.71 and its two-hundred day moving average is $363.30. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $421.00. The company has a market cap of $19.10 billion, a PE ratio of -207.80 and a beta of 1.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same quarter in the prior year, the company earned $0.75 EPS. CyberArk Software's revenue was up 43.3% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
Analysts Set New Price Targets
CYBR has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. KeyCorp dropped their price target on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Truist Financial dropped their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, Roth Capital began coverage on CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target for the company. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CyberArk Software currently has an average rating of "Moderate Buy" and an average price target of $418.04.
Check Out Our Latest Stock Analysis on CyberArk Software
About CyberArk Software
(
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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