CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 96.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Congress Asset Management Co. raised its holdings in CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after purchasing an additional 250,441 shares during the last quarter. Clare Market Investments LLC purchased a new position in shares of CyberArk Software in the 1st quarter worth about $203,000. Portside Wealth Group LLC raised its stake in CyberArk Software by 8.1% in the 1st quarter. Portside Wealth Group LLC now owns 1,227 shares of the technology company's stock valued at $409,000 after acquiring an additional 92 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in CyberArk Software by 2.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 7,363 shares of the technology company's stock valued at $2,489,000 after acquiring an additional 154 shares during the period. Finally, Viking Fund Management LLC bought a new stake in shares of CyberArk Software during the first quarter valued at about $1,014,000. Institutional investors own 91.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research report on Thursday. Rosenblatt Securities restated a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Wells Fargo & Company raised their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus lifted their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $416.79.

CyberArk Software Stock Down 1.4%

CYBR stock traded down $5.43 during trading on Friday, hitting $386.69. The company had a trading volume of 385,659 shares, compared to its average volume of 553,991. The firm has a 50-day moving average price of $359.84 and a 200-day moving average price of $351.54. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $421.00. The firm has a market cap of $19.11 billion, a PE ratio of -198.30 and a beta of 0.99.

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, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. 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. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.