Toth Financial Advisory Corp Sells 2,596 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Toth Financial Advisory Corp reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 96.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100 shares of the technology company's stock after selling 2,596 shares during the period. Toth Financial Advisory Corp's holdings in CyberArk Software were worth $34,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. TD Private Client Wealth LLC increased its holdings in shares of CyberArk Software by 79.1% in the 4th 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 in the last quarter. Whipplewood Advisors LLC boosted its position in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the last quarter. Plato Investment Management Ltd bought a new stake in CyberArk Software in the 4th quarter worth about $39,000. Graney & King LLC purchased a new position in CyberArk Software in the 4th quarter worth about $43,000. Finally, Montag A & Associates Inc. lifted its stake in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Roth Capital initiated coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target for the company. JMP Securities raised their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Citigroup boosted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Wall Street Zen downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Canaccord Genuity Group lifted their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $415.71.

CyberArk Software Trading Down 0.5%

Shares of NASDAQ:CYBR traded down $1.87 during mid-day trading on Tuesday, reaching $396.07. The stock had a trading volume of 522,334 shares, compared to its average volume of 556,109. The company has a market cap of $19.58 billion, a P/E ratio of -203.11 and a beta of 0.99. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00. The business's 50 day moving average price is $354.98 and its 200 day moving average price is $350.44.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company's revenue was up 43.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.