Wolff Wiese Magana LLC lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 51.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 703 shares of the technology company's stock after selling 755 shares during the quarter. Wolff Wiese Magana LLC's holdings in CyberArk Software were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in CYBR. Thoma Bravo L.P. bought a new stake in CyberArk Software in the fourth quarter worth $380,637,000. Norges Bank purchased a new position in shares of CyberArk Software during the fourth quarter worth approximately $203,375,000. Congress Asset Management Co. raised its position 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 valued at $112,476,000 after purchasing an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in CyberArk Software in the fourth quarter worth about $72,842,000. Finally, Janus Henderson Group PLC boosted its stake in shares of CyberArk Software by 7,524.4% during the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after purchasing an additional 168,471 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Trading Up 0.6%
Shares of CYBR stock traded up $2.31 on Wednesday, reaching $399.44. The company had a trading volume of 586,245 shares, compared to its average volume of 560,069. The company has a 50-day moving average of $368.25 and a 200-day moving average of $355.43. The stock has a market cap of $19.74 billion, a PE ratio of -214.75 and a beta of 0.99. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. During the same period in the previous year, the firm posted $0.75 EPS. The company's revenue for the quarter 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.
Analysts Set New Price Targets
CYBR has been the subject of a number of research analyst reports. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Stephens started coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Robert W. Baird lifted their price target on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Citigroup boosted their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $416.79.
Read Our Latest Report on CYBR
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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